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The latest update is out from Corporate Travel Management Limited ( (AU:CTD) ).
Corporate Travel Management Limited (CTM) announced an expected 4% decrease in FY25 Group revenue compared to forecasts, impacting EBITDA by approximately $30 million. Despite economic uncertainties in North America and Asia affecting client activity, the company achieved significant new client wins, surpassing TTV $1.6 billion, and maintained a strong client retention rate of 97%. The share buyback program has reduced total shares to approximately 140.5 million, and cashflow remains robust with a full-year cash conversion of 80-90%.
More about Corporate Travel Management Limited
Corporate Travel Management Limited is a company operating in the travel management industry, providing corporate travel services across Australia, New Zealand, North America, Asia, and Europe.
YTD Price Performance: -0.37%
Technical Sentiment Signal: Strong Buy
Current Market Cap: $1.2B
See more data about CTD stock on TipRanks’ Stock Analysis page.