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Helloworld Travel Ltd ( (AU:HLO) ) just unveiled an update.
Helloworld Travel Limited has updated its FY25 guidance, now expecting an Underlying EBITDA between $58 million and $62 million, an increase from the previous range of $52 million to $56 million. Despite a decline in passenger TTV due to lower customer numbers and changes in destination preferences, the company has managed costs effectively, improved margins, and benefited from a revaluation gain on its Webjet Group shareholding. Cruise sales and the Ready Rooms business have shown strong growth, and forward bookings remain robust. The company has also successfully retained over 96% of its network agents, indicating strong demand for travel services in Australia and New Zealand.
The most recent analyst rating on (AU:HLO) stock is a Buy with a A$3.30 price target. To see the full list of analyst forecasts on Helloworld Travel Ltd stock, see the AU:HLO Stock Forecast page.
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, and wholesale travel services. The company employs over 900 staff across Australia, New Zealand, Fiji, and Greece, and has more than 2,700 members in its travel agency and broker networks.
YTD Price Performance: -20.38%
Average Trading Volume: 374,892
Technical Sentiment Signal: Sell
Current Market Cap: A$242.5M
For a thorough assessment of HLO stock, go to TipRanks’ Stock Analysis page.