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- Webjet reported AU$72.5 million in underlying group EBITDA in H1FY23.
- Webjet’s shares were trading over 7% higher on ASX at 11:06 AM AEDT today.
Today, the Australian airline company Webjet Limited (ASX:WEB) announced the financial results for the first half of the financial year 2023 (H1 FY23), reporting an underlying group EBITDA of AU$72.5 million in the same period.
Followed by the release of the H1FY23 update, Webjet’s share price went up by 7.473% on ASX to AU$6.04 per share as of 11:06 AM AEDT today (17 November 2022).
Meanwhile, in the last one year, Webjet’s share price declined slightly by 0.81% on ASX. However, on a YTD basis, its share price appreciated over 12% on ASX (as of 11:06 AM AEDT today).
Details of Webjet’s H1FY23 result:
John Guscic, Managing Director, Webjet, said:
Webjet’s outlook for FY23:
Webjet said that WebBeds is likely to exceed pre-pandemic profitability in FY23. The company expects the EBITDA in H2 FY23 to exceed at least AU$10 million from that of the pre-pandemic levels.
On the other hand, Webjet expects its H2 FY23 profitability to be consistent with H1 FY23 for the B2C businesses, reflecting the macroeconomic environment.
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