Webjet (ASX:WEB) expects profit growth in 2020

Company News

by Rachael Jones

Webjet (ASX:WEB) is expecting underlying adjusted operating profit in a range of $157 million to $167 million for financial year 2020.

This represents growth of approximately 26 per cent to 34 per cent over the previous year.

Customers made 5.5 million travel bookings with them across the globe during the year, generating nearly $4 billion in TTV.

Revenues were $366.4 million, continuing EBITDA was $124.6 million and net profit after tax was $81.3 million before acquisition amortisation.

Shares in Webjet (ASX:WEB) are trading 4.82 per cent higher at $13.04.

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.