Travel Agents

Helloworld reveals solid TTV and revenue growth in latest trading update

Huntley Mitchell

Huntley Mitchell

Travel agency giant Helloworld has given shareholders some idea of what to expect performance-wise for the 2019 fiscal year, revealing mostly positive figures for the first three quarters.

The company’s total transaction value (TTV) was $382.8 million in the nine months to 31 March 2019 – up 8.8 per cent on the prior corresponding period.

Helloworld’s TTV rose 10.3 per cent in Australia, including 11 per cent growth in retail, and its New Zealand segment increased by 2.4 per cent, while the company’s Rest of the World segment fell 8.3 per cent.

Revenue totalled $260.5 million for the first three quarters of FY19 at a gross margin of 5.5 per cent – up eight per cent on the previous period.

Helloworld’s operating expenses increased by 6.3 per cent ($12.3 million), resulting in earnings before interest, taxes, depreciation and amortisation (EBITDA) of $54.9 million – up 14.7 per cent from the first three quarters of FY18.

The company’s EBITDA-to-revenue margin rose from 19.8 per cent to 21.1 per cent.

Based on its performance over the the nine-month period and forecast TTV, margin and cost outcomes for the remaining quarter, Helloworld reconfirmed its previously released full-year EBITDA guidance for FY19 of $76 million to $80 million.

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