Half year earnings of the online travel company soared 17 per cent to $10.7 million. It also reported a 27 per cent increase in revenue by $15.6 million to $73.8 million.
The online travel company’s EBITDA increased by $3.7 million to $18.2 million, representing a 26 per cent increase on the previous period.
The report showed the increase in the number of visitors to the Webjet websites and more mobile bookings have driven bookings growth.
Webjet.com.au and Zuji, its sister Asian-based booking site, saw a 22.3 per cent bump to $608 million in total transaction values – the price it sells travel products and services as agent for airlines.
International bookings rose 24 per cent, while the number of outbound passengers increased 5.2 per cent. Domestic sales lifted 14 per cent while passenger numbers only grew by 0.6 per cent.
The company’s managing director John Guscic said the numbers presented are expected to increase as the company plans to focus on ramping up overseas sales to make Webjet the “premium eminent supplier in the online space of international bookings.”
“We have a very, very long runway ahead of us when it comes to looking at international bookings. We are literally just scratching the surface of what is possible,” Guscic said in the company’s earnings call.
Momentum has continued into the second half with sales up more than 30 per cent, with the company re-affirming its full year earnings target of $33.5 million.
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