In the Financial Year ended 30 June 2019, Helloworld Travel results continued to record strong growth in revenue, EBITDA and net profit before income tax expense compared with the prior year, led by increasing TTV from its business expansion, stable revenue margins and continued focus on delivering cost efficiency initiatives.
Helloworld Travel maintained its commitment to focus on strategically growing the business and its networks at pro table margins, whilst at the same time increasing investment in its brands, products, technology and people to ensure the Group is well positioned to deliver sustainable long term growth.
TTV grew by 9.1% to $6.5 billion driven primarily by the full year impact of business acquisitions undertaken in the second half of the prior year including the Magellan Travel Group, Flight Systems and Asia Escape Holidays and the addition of Show Group acquired in December 2018.
Revenue grew by 9.8% to $357.6 million led by the inclusion of the business acquisitions and strong trading performances by the Australian and New Zealand retail networks.
Operating costs increased compared with the prior year from the inclusion of the cost base of the business acquisitions. Costs (excluding acquisitions) were successfully lowered from the prior year as the business continued its focus on key strategic marketing initiatives and other initiatives to deliver efficiencies and cost control.
The Full Year Results can be viewed HERE.
IMAGE: Helloworld Bentleigh VIC
