Web Travel Group Ltd (OTCPK:WEBJF)

$ 0.93 -4.07 (-81.4%) Market Cap: 1.13 Bil Enterprise Value: 916.91 Mil PE Ratio: 7.81 PB Ratio: 2.55 GF Score: 64/100

Full Year 2021 Webjet Ltd Earnings Call Transcript

May 19, 2021 / 04:00AM GMT

Release Date Price: $3.21

Transcript

Operator

Good morning, and welcome to Webjet Limited Financial Year '21 Full Year Results Briefing Conference Call. Today, we are joined by John Guscic. I'll now hand over the call to him. Please begin your meeting.

John Guscic

Webjet Limited - MD & Executive Director

Thank you, operator, and good afternoon, everyone, and welcome to the Webjet FY '21 results. It's the first that reflects our March 31 year-end. Joining me on the call today, I have our CFO, Tony Ristevski.

So, whilst we wait for markets to open, we've not stood still. We've taken the opportunity to transform our business to be ready for the recovery. We've looked at ways to be more agile, lean and efficient across the entire business from service and quality to operating and marketing to capital strength and management restructuring. We have created a global platform that will reduce costs at scale by at least 20% and provide the structural support to focus on those markets that we will rebuild fastest, where competitors are weakest, and we can target the #1 position.

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