Corporate Travel Management Full Year 2024 Earnings: Misses Expectations

Corporate Travel Management (ASX:CTD) Full Year 2024 Results

Key Financial Results

• Revenue: AU$710.4m (up 8.7% from FY 2023).
• Net income: AU$84.5m (up 8.9% from FY 2023).
• Profit margin: 12% (in line with FY 2023).
• EPS: AU$0.58 (up from AU$0.53 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Corporate Travel Management Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 3.8%. Earnings per share (EPS) also missed analyst estimates by 25%.

The primary driver behind last 12 months revenue was the Travel Services - North America segment contributing a total revenue of AU$309.6m (44% of total revenue). Notably, cost of sales worth AU$422.0m amounted to 59% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to AU$113.4m (56% of total expenses). Explore how CTD's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Hospitality industry in Australia.

Performance of the Australian Hospitality industry.

The company's shares are down 12% from a week ago.

Balance Sheet Analysis

While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We've done some analysis and you can see our take on Corporate Travel Management's balance sheet.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.