Corporate Travel Management (ASX:CTD) downgraded its fiscal year revenue and earnings outlook as ongoing trade uncertainties weighed on client activity, according to a Friday filing with the Australian bourse.
The company now expects revenue to be roughly 4% lower than forecast. This is seen to impact earnings before interest, taxes, depreciation, and amortization (EBITDA) by around AU$30 million relevant to previously announced target metrics, per the filing.
Rest of World ex Europe revenue and EBITDA are forecast to grow 5% and 10%, respectively, on the year-ago period.
The travel management services provider said ongoing trade uncertainties are crimping client activity, leading to weaker growth than previously expected during a traditionally busy season.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。