Stock Track | Web Travel Group Soars 8.54% Intraday on Upbeat Profit Outlook and A$90M Buyback Plan

Stock Track

07/28

Shares of Web Travel Group Ltd surged 8.54% intraday on Tuesday after the company issued a bullish earnings forecast for the first half of fiscal 2027 and unveiled a substantial share buy-back program.

The company announced that its WebBeds digital travel marketplace expects total revenue to grow between 11% and 15% in Euro terms for the six months ending September, compared to the same period a year earlier. Underlying EBITDA is projected to land between A$80 million and A$86 million, despite facing currency headwinds of around 9%.

Alongside the guidance, Web Travel Group revealed plans for an on-market buy-back of up to A$90 million, set to commence in August. The company stated that it does not believe its current share price adequately reflects its trading performance and medium-term earnings outlook, signaling strong management confidence.

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