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WEB Travel Group ( (AU:WEB) ) has issued an update.
Web Travel Group Limited’s FY25 marked significant changes, including the demerger of its business-to-consumer division, enabling a focused growth strategy for its WebBeds division. Despite a challenging year with lower than expected revenue and EBITDA outcomes due to product supply mix changes and geographical expansion, the company reported a 20% increase in bookings and a 22% rise in TTV. The company has taken remedial actions to stabilize margins and has implemented capital management initiatives to address potential dilution effects from convertible notes. Governance changes and sustainability efforts, including preparing for mandatory climate change reporting, were also highlighted.
The most recent analyst rating on (AU:WEB) stock is a Hold with a A$5.00 price target. To see the full list of analyst forecasts on WEB Travel Group stock, see the AU:WEB Stock Forecast page.
More about WEB Travel Group
Web Travel Group Limited operates in the travel industry, focusing on business-to-business travel distribution through its WebBeds division. The company has recently undergone a demerger, separating its business-to-consumer division into Webjet Group Limited, allowing it to concentrate on expanding its global market presence.
YTD Price Performance: -0.65%
Average Trading Volume: 2,321,572
Technical Sentiment Signal: Sell
Current Market Cap: A$1.65B
For a thorough assessment of WEB stock, go to TipRanks’ Stock Analysis page.