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Webjet Group Limited ( (AU:WJL) ) just unveiled an update.
Webjet Group Limited has completed its demerger from Web Travel Group Limited, with the demerger implemented on 30 September 2024. The company has adopted predecessor accounting to ensure continuity and comparability in financial reporting. Despite a decrease in total revenue and EBITDA, the underlying operations show an increase in net profit after tax and underlying EBITDA, indicating a more stable financial performance post-demerger. This strategic move is expected to strengthen Webjet Group’s market position and provide clearer insights into its financial health, benefiting stakeholders.
The most recent analyst rating on (AU:WJL) stock is a Buy with a A$1.10 price target. To see the full list of analyst forecasts on Webjet Group Limited stock, see the AU:WJL Stock Forecast page.
More about Webjet Group Limited
Webjet Group is a digitally led travel business that focuses on providing innovative, customer-centric travel solutions. Its principal activities include the online sale and distribution of travel products such as flights, hotels, holiday packages, car and motorhome rentals, and travel insurance. The company is also working on strategic initiatives to expand its market, enhance travel experiences, and create new value through investments in technology, loyalty, brand, and adjacent travel services.
Average Trading Volume: 3,675,014
Technical Sentiment Signal: Strong Buy
Find detailed analytics on WJL stock on TipRanks’ Stock Analysis page.