Webjet Limited Provided FY20 Guidance at its 2019 AGM

  • Nov 20, 2019 AEDT
  • Team Kalkine

Webjet Limited (ASX: WEB) has provided FY20 guidance at its FY19 Annual General Meeting (AGM).

In FY20, the company expects:

  • Underlying EBITDA to be in the range of $157 million to $167 million.
  • First- half underlying EBITDA of minimum $80 million.
  • Corporate costs to increase by 5% to 10% over FY 2019.

Taking into the consideration the collapse of a major customer, Thomas Cook, of its WebBeds business, Webjet expects a negative impact of $7 million on its FY20 EBITDA. Further, the company expects that it wont be able to recover receivables of around $44 million.

By 1:08 PM AEST, WEB was trading at $12.84, up by 3.21% relative to the previous close.


All pictures are copyright to their respective owner(s).Kalkinemedia.com does not claim ownership of any of the pictures displayed on this website unless stated otherwise. Some of the images used on this website are taken from the web and are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it below the image.


There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.

Are you wondering if the year 2020 might not have taken the right start? Dividend stocks could be the answer to that question.

As interest rates in Australia are already at record low levels, find out which dividend stocks are viewed as the most attractive investment opportunity in the current scenario in our report.

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK