Helloworld Travel Ltd ( (AU:HLO) ) has issued an update.
Helloworld Travel Limited has announced its acquisition of the Wellington-based Barlow Travel Group, trading as BCD Travel in New Zealand. This acquisition, funded from Helloworld’s existing cash reserves, is expected to be earnings accretive from FY25 onwards. The acquisition strengthens Helloworld’s position in the corporate and event travel sector in New Zealand, with Barlow Travel Group’s founders remaining as Executive Directors. The transaction, set to complete in mid-April 2025, is anticipated to enhance technology access, content, and service delivery for the combined entity.
More about Helloworld Travel Ltd
Helloworld Travel Limited is a leading travel distribution company operating in Australia and New Zealand. It offers a range of services including retail leisure and business travel networks, travel broker networks, destination management services, air ticket consolidation, tourism transport operations, wholesale travel services, and online operations. The company employs over 900 staff across Australia, New Zealand, Fiji, and Greece, and has a network of over 2,700 travel agency and broker members in Australia and New Zealand.
YTD Price Performance: -33.33%
Average Trading Volume: 3,949
Technical Sentiment Signal: Strong Buy
Current Market Cap: €128.9M
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