Web Travel Group flags $86m first-half profit guidance, launches $90m buy-back
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The news: Web Travel Group has projected its underlying EBITDA to track between $80 million and $86 million for the first half of FY27, despite flagging a 9% drag on Australian dollar revenue metrics due to global currency headwinds compared to FY26.
The context: The company forecasts its WebBeds business to deliver a total transaction value margin of around 6.7% in first half of FY27, up from 6.5% in the prior corresponding period, with revenue expected to rise 11% to 15% compared to the first half of 2026.
The company has also announced an on-market share buy-back of up to $90 million, commencing in August, with shares to be repurchased using existing cash reserves.
The board stated that it does not believe the current share price appropriately reflects the company’s underlying trading performance, cash generation and medium-term earnings outlook.
What they said: “We have strong liquidity following redemption of the convertible notes in April and a share buy-back demonstrates the board and management’s confidence in the company’s financial strength and outlook,” managing director John Guscic said.
The source: ASX
