Technology

Webjet boss lauds “outstanding” FY19, as full-year profit jumps 45 per cent

Huntley Mitchell

Huntley Mitchell

Webjet has delivered a stellar FY19 profit result, with all of its key business metrics experiencing growth.

The company’s net profit after tax was $60.3 million for the 12 months to 30 June 2019 – up a massive 45 per cent on FY18.

Revenue grew by 26 per cent to $366.4 million, with total transaction volume reaching $3.8 billion (up 27 per cent). Webjet’s earnings before interest, taxes, depreciation and amortisation rose 43 per cent to $123.1 million last financial year.

Check out the breakdown for each of the company’s divisions below:

Webjet FY19 results [1]

Webjet FY19 results [2]

Webjet FY19 results [3]

Webjet managing director John Guscic described the overall result as “outstanding”, and said the company has enjoyed a “strong start” in the first few weeks of trading for FY2020.

“WebBeds TTV is up over 50 per cent compared to the prior corresponding period, Webjet OTA TTV is up nine per cent and Online Republic TTV is up four per cent,” he said.

“As well as driving organic growth in all our businesses, we have a strong pipeline of acquisition opportunities. We will be providing a guidance range at our AGM on 20 November 2019.”

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