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Corporate Travel Management Limited ( (AU:CTD) ) has issued an update.
Corporate Travel Management Limited (CTM) announced a delay in releasing its financial statements due to potential material adjustments identified by Deloitte in the European region, specifically within the CTM UK group. KPMG’s forensic review revealed significant concerns regarding revenue recognition from large customer contracts between 2021 and 2023, necessitating material restatements and revenue reversals for FY23 and FY24. The company is taking corrective actions, including customer reviews, financial process evaluations, and governance assessments, to address these issues and ensure compliance with accounting standards.
The most recent analyst rating on (AU:CTD) stock is a Buy with a A$16.70 price target. To see the full list of analyst forecasts on Corporate Travel Management Limited stock, see the AU:CTD Stock Forecast page.
More about Corporate Travel Management Limited
Corporate Travel Management Limited is a company operating in the travel management industry, providing corporate travel services across various regions including Australia, New Zealand, North America, Asia, and Europe.
Technical Sentiment Signal: Buy
Current Market Cap: A$2.35B
Learn more about CTD stock on TipRanks’ Stock Analysis page.