Balanced portfolio – Fortescue Earnings Update (FMG)
Fortescue Earnings Update (FMG)
CTD
Balanced portfolio – SELL Corporate Travel Management Limited (CTD)
Sell Corporate Travel Management CTD:ASX
Earnings Update – Corporate Travel Management Limited (CTD)
Corporate Travel Management Limited (CTM) has reported mixed financial results for the first half of 2025 (1H25), demonstrating both growth and challenges across its operating segments. The company has emphasized strong capital management, operational efficiency improvements through automation and AI, and strategic transitions in service provision. Notably, CTM has secured the sole provider status for the UK Government’s Travel Management Consultant (TMC) travel services framework, marking a significant shift from a competitive trio to a singular supplier role. This strategic move is expected to bolster long-term revenue streams and market presence in the Rest of World (RoW) regions.
Earning Update: Corporate Travel Management (CTD)
A softer than expected 1H revenue and EBITDA result was observed due to two main factors: negative travel sentiment from the conflict in the Middle East and corporate customer budgets being fully utilized by September 2023 due to high ticket prices, particularly in the northern hemisphere. However, an encouraging rebound in January activity implies these issues have dissipated.
Pre-Market Pulse 23rd August – Higher yields, softer retail and banking downgrade have investors nervous
Equities closed lower overnight under pressure from regional banks and a tumble in retailers following disappointing quarterly results from Macy’s and Dick’s Sporting Goods.