Corporate Travel Management Ltd (STU:1C6)
€ 7.7 0.05 (0.65%) Market Cap: 1.17 Bil Enterprise Value: 1.12 Bil PE Ratio: 22.84 PB Ratio: 1.63 GF Score: 75/100

Half Year 2024 Corporate Travel Management Ltd Earnings Call Transcript

Feb 20, 2024 / 10:00PM GMT
Release Date Price: €11.7 (+1.74%)
Operator

Thank you for standing by, and welcome to the Corporate Travel Management half-year results 2024. (Operator Instructions) I would now like to hand the conference over to Mr. Jamie Pherous, Executive Director, Managing Director. Please go ahead.

Jamie Pherous
- Executive Director & MD

Thanks, Kylie. Good morning, everyone. Good to be here. I'm also joined by James Patterson, and together, we will present our first half 2024 results.

If I can go straight to slide 5, please, the 1H '24 group financial results.

Okay. Just a quick summary here. First, we want to say that the first half was a record result for CTM. And the two themes that are consistent across this presentation are twofold. Number one, you'll see that we continue to win clients well above the industry's growth. And number two, we are successfully converting revenue to strong profit growth, which we'll talk about further. And this execution is best portrayed by the key financial metrics versus 1H '23 to the right-hand side of this slide.

Revenue has grown 25% in the

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