Webjet has a 20% increase in earnings in its sights for the 2016 financial year as it said it was delivering “substantial outperformance” in all sectors.
Webjet TTV is growing at more than 15%, with Zuji TTV up more than 20%, managing director John Guscic revealed at today’s annual general meeting.
Guscic attributed the strong performance to a combination of the company’s technology, marketing and development plans and outlined a guidance of of $33.5 million in underlying earnings for the year, up around 20% on last year.
“Our guidance number reflects the fact that all of our business units are exhibiting strong growth,” he said.
The year has seen Webjet invest $3 miullion into the development of its digital B2B business in North America and Europe.
Guscic confirmed that Webjet continues to be on the look out for additional attractive acquisition opportunities.
Meanwhile, the Webjet board confirmed it would extend the term of Guscic’s contract to the end of June 2018.
