Travel Agents

Helloworld set for strong earnings growth in FY20

Huntley Mitchell

Huntley Mitchell

Helloworld Travel is confident of another big financial year, with the travel giant today revealing that it expects earnings to grow by at least $5.7 million in FY20.

Following on from the finalisation of its major FY20 commercial agreements, including new GDS contracts, Helloworld has issued an EBITDA guidance in the range $83 million to $87 million for the year ending 30 June 2020.

The forecast of further earnings growth comes after Helloworld posted a 20.8 per cent rise in EBITDA to $77.3 million during FY19, and a 23.8 increase in profit to $38.2 million.

Burnes said the group was confident of another strong year in FY20 if current trading conditions continued.

“Our acquisitions are performing well, our retail networks are either holding their own or growing, our supplier relations are very good, our corporate business is doing very well, and across the Tasman, our New Zealand teams are going from strength to strength,” he said.

“We are in a very strong position to continue the businesses momentum and achieve our targets in the year ahead.”

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