Corporate Travel Management projects 22%-27.5% profit growth for FY2018

24 August, 2017

Corporate Travel Management (CTM) reported (Aug-2017) it expects full-year underlying EBITDA for FY18 to be in the range of AUD120-125 million (USD94.8-98.7 million), representing growth of 22%-27.5% year-on-year. CTM reported it is "winning significant global clients off the back of its increased global presence" and SMART Technology offering, which is now establish in all regions and with a large flow of developments scheduled for FY2018. CTM MD and founder Jamie Pherous said that, with CTM's global footprint now firmly in place, the business would continue to focus on its core initiatives moving into FY2018. [more - original PR]