Web Travel Group rallies after reiterating FY26 guidance
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More news: Web Travel Group shares mounted a recovery this morning, having plunged 30% on Friday, as the company reaffirmed its full-year earnings guidance.
Shares were up 15.9% to $3.43 at 10:50am AEDT.
Web Travel Group reaffirms FY26 guidance amid Spanish tax authority audit
The news: Web Travel Group reaffirmed its full-year FY26 earnings before interest, taxes, depreciation, and amortisation (EBITDA) guidance of between $147 to $155 million, representing a 22% to 29% increase from the prior corresponding period.
The context: The reaffirmation follows reports the company is being audited by the Spanish Tax Agency’s Special Delegation of the Balearic Islands on Friday.
Web Travel Group said the Spanish subsidiary review commenced on 5 February and it is unable to comment further at this stage.
The company said it will continue to comply with its disclosure obligations and will update the market when appropriate.
The source: ASX
