The Helloworld Travel Ltd (ASX: HLO) share price is up 10% because the company has released a trading update for March 2019.
Helloworld is one of the leading Australian and New Zealand travel distribution businesses. It has its bricks and mortar retail travel agent business, destination management services, air ticket consolidation, wholesale travel services, corporate travel management services and online operations. The company has over 2,000 staff located in Australia, New Zealand and across the world.
Helloworld’s March 2019 Trading Update
For the nine months to 31 March 2019, total transaction volume (TTV), the value of the services sold, increased by 8.8% to $4.71 billion, this helped revenue grow 8% to $260.5 million.
The Australian division saw TTV grow 10.3% with 11% growth in retail. The New Zealand segment grew TTV by 2.4% and the rest of the world segment suffered a 8.3% decline, although this was starting from a small number.
Operating expenses grew by 6.3%, leading to EBITDA growth of 14.7% to $54.9 million (click here to learn what EBITDA means). The EBITDA profit margin also improved to 21.1% from 19.8%. Based on the profit produced, management have re-affirmed its full year EBITDA guidance of $76 million to $80 million for FY19.
Helloworld, along with the two rapid growth shares revealed below for free, could be worth monitoring for the next few years.
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