CORPORATE TRAVEL MANAGEMENT FLIES TO NEW HEIGHTS

A globetrotting expansion strategy has earned Corporate Travel Management (ASX: CTD) rewards with the Brisbane-based company booking a record EBITDA of $125.4 million in FY18.

This represents 27 per cent year-on-year growth while for FY19 the group forecasts a rate in the range of 15 to 20 per cent.

CTM managing director and founder Jamie Pherous says the performance reinforces the company's global expansion strategy, but organic growth has also been significant to the tune of $18.9 million.

"We have had another strong year. Each region in our network has had a record result, demonstrating our business model and strategic investment decisions are working well for clients and investors," says Pherous.

"We have continued to expand through increasing market share, including multinational clients who have recognised our international capabilities.

"These results support our strategy to build a global network by applying a high-quality growth business model around winning and retaining customers, driving internal automation and client innovation and ensuring high staff engagement and client satisfaction."

CTM's total transaction value edged very close to the $5 billion mark, bolstered as it gained "a number of significant global clients" with the CTM Smart Technology suite. Read more

Business News Australia - 22 August - 2018