Webjet Limited FY24 Key Metrics

Webjet Limited (ASX: $WEB) has reported record levels of metrics for FY24, significantly surpassing both FY23 and pre-pandemic figures. The company's strategy has demonstrated outperformance, with EBITDA reaching $162.4 million and achieving a Total Transaction Value (TTV) of $4 billion. The strong performance is evident across all key metrics, indicating substantial growth and progress.

Executive Commentary on FY24 Performance

The Managing Director's presentation at the Annual General Meeting highlighted the exceptional results achieved in FY24. The company's strategy has proven to be effective, leading to significant improvements in EBITDA and TTV. The focus on delivering $10 billion TTV by FY30 demonstrates our commitment to sustained growth and value creation for our stakeholders.

Summary of FY24 Performance and Outlook

Webjet Limited's FY24 performance has been outstanding, with all key metrics reaching record levels, showcasing substantial growth and resilience. The company's strategy has delivered remarkable results, as evidenced by the significant increase in EBITDA to $162.4 million and the achievement of a $4 billion TTV. Looking ahead, Webjet Limited is focused on its roadmap to deliver $10 billion TTV by FY30, indicating a strong sense of ambition and strategic direction. Despite challenges such as inbound tourism and supply chain issues impacting profitability, the company maintains a strong cash position, with total cash amounting to $630 million. Furthermore, Webjet OTA's international bookings continue to grow, reflecting the company's adaptability and resilience in the face of market dynamics. With WebBeds on track to deliver $5 billion TTV in FY25 and a rebound in European trading, the company remains optimistic about its future performance and is poised for continued success.