Webjet delivers on international WebBeds strategy
(World News Science)

ASX release 19 February 2020 Webjet delivers on international WebBeds strategy with record 1H earnings First half underlying earnings before interest tax depreciation and amortisation (EBITDA) up 43% to $86.3 million Total Transaction Value (TTV) lifted 25% to a record $2.3 billion, revenue up 24% to $217.8 million and underlying NPAT before the impact of acquisition amortisation rose 44% to $55.1 million WebBeds has been cemented as the clear #2 global player in just under 7 years since launch and now accounts for over 60% of Group EBITDA Expanding WebBeds EBITDA margins are demonstrating efficiency and scale benefits, tracking ahead of plan for the "8/4/4" profitability target(1)...