BUZZ-Australia's Corporate Travel Management drops on lowered revenue outlook

Reuters
02 May
BUZZ-Australia's Corporate Travel Management drops on lowered revenue outlook

** Shares of Corporate Travel Management CTD.AX fall 11.2% to A$11.55, among top losers in the benchmark ASX200 .AXJO

** Business travel management services provider expects a 4% decrease in FY revenue, impacting EBITDA by ~A$30 million ($19.22 million)

** Says that this is due to economic and tariff uncertainty in North America and Asia, among others

** Stock fell as much as 12.7% earlier in the day, marking its worst intraday drop since August 21, 2024

** Over 1.2 mln shares change hands, ~1.9x the 30-day avg

** Stock down 13% YTD

($1 = 1.5608 Australian dollars)

(Reporting by Kumar Tanishk in Bengaluru)

((Tanishk.Kumar@thomsonreuters.com; X: @thatstanishk http://www.x.com/thatstanishk;))

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