CTM announces EBITDA loss of USD12.2m

    Corporate Travel Management (CTM) provided (17-Feb-2021) the following earnings and revenue highlights for H1FY2021:

    • Underlying EBITDA loss AUD15.7 million (USD12.2 million), including two months loss contribution from the Travel and Transport acquisition;
    • Underlying NPAT attributable to owners of CTM: (AUD26 million) (USD20.2 million);
    • Statutory NPAT attributable to owners of CTM: (AUD36.4 million) (USD28.3 million);
    • H1FY2021 revenue ahead of expectations despite worsening coronavirus situation Q2FY2021;
    • Dec-2020 the highest revenue of the half despite being seasonally the quietest month for corporate travel in H1FY2021;
    • Australia/New Zealand profitable in H1FY2021 due to new client contracts, on 29% of p-c-p revenue. Expecting profitability to grow in H2FY2021;
    • Europe expected to be profitable from February due to new client contracts;
    • Technology, scale and financial strength post acquisition driving North America client wins.
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