Corporate Travel Management Full Year 2024 Earnings: Misses Expectations

Corporate Travel Management (ASX:CTD) Full Year 2024 Results

Key Financial Results

• Revenue: AU$716.9m (up 9.7% from FY 2023).

• Net income: AU$84.5m (up 8.9% from FY 2023).

• Profit margin: 12% (in line with FY 2023).

• EPS: AU$0.58 (up from AU$0.53 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Corporate Travel Management Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 3.8%. Earnings per share (EPS) also missed analyst estimates by 25%.

Looking ahead, revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Hospitality industry in Australia.

Performance of the Australian Hospitality industry.

The company’s shares are down 3.7% from a week ago.

Risk Analysis

Be aware that Corporate Travel Management is showing 1 warning sign in our investment analysis that you should know about…

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