Flight Centre Travel Group’s Latest Move To Enhance Digital Capabilities

  • Sep 21, 2018 AEST
  • Team Kalkine
Flight Centre Travel Group’s Latest Move To Enhance Digital Capabilities

Flight Centre Travel Group Limited (ASX:FLT) is a leading travel company which has generated $21.8 billion in total transaction value in FY 2018.

On 21 September 2018, Flight Centre Travel Group’s shares initially uplifted by 0.019% after the announcement of its acquisition of Umapped company to enhance digital transformation capabilities. However, FLT stock soon slipped by 0.263% as at 2:30 PM AEST.

Umapped is a Toronto-based technology company which provides collaborative B2B2C itinerary and experience platform which helps leading global brands and Travel advisors to engage with their customers throughout their travel journey. With this acquisition, the company is expecting to enhance its mobile and web services to deliver better templates, documentation and real-time communication between customers and consultants. The company is planning to deploy Umapped software in many countries within a year. The company is planning to use its general cash to fund the acquisition. The purchase price of the acquisition is not yet disclosed by the company.

In a way, FLT is looking at measures to revolutionize the ways in which the traditional travel industry has been operating. With the above move, FLT will integrate Umapped products at businesses across the globe extending from the initial use in GOGO business in the USA. 

For the year end June 30, 2018, the company recorded a TTV of $21.8 billion which was 8.5% higher than the previous year. The total revenue of the company increased by 6.5% from $2,770 million in FY2017 to $2,950 million in FY2018.  The earning per share of the company increased by 14% from 228.5 cents in FY2017 to 260.5 cents in FY2018. The company is maintaining a strong cash position by having $1.5 billion in cash and cash investments till June 30, 2018. Due to increase in the corporate volumes and acquisitions, the trade and other receivables have also increased. The positive net debt of the company increased by 7% to $517 million as compared to the previous year. The operating cashflow was $314 million in FY 2018. The capital expenditure decreased to $87.3 million out of which around 50% was spent on IT & systems. The company is expecting around $100 million to $110 million expenditure in FY 2019. The company is expecting a 3.6% growth in the travel sector in FY 2019. The company has declared $1.67 fully franked dividend for each share in FY 2018.

FLT’s share price traded at $53.190 at market capitalization of $5.39 billion as on 21 September 2018.

Dividend Stocks To Buy

The Income available from dividends remains attractive for many investors.

We take a look at the best yields on the market and assess what they say about a company’s prospect.

One Thing is certain, though, Australia interest rates are still low, making income difficult to come by and keeping the focus for many investors on high yielding stocks. Kalkine’s team of analysts bought you handpicked report for “Top 25 Dividend Stocks For 2018.”

ASX-relevant Special Reports are published year-round to provide a detailed analysis into an investing opportunity or a potential risk to your portfolio.

Click here to get your free report.


The advice given by Kalkine Pty Ltd and provided on this website is general information only and it does not take into account your investment objectives, financial situation or needs. You should therefore consider whether the advice is appropriate to your investment objectives, financial situation and needs before acting upon it. You should seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) as necessary before acting on any advice. Not all investments are appropriate for all people. Kalkinemedia.com and associated websites are published by Kalkine Pty Ltd ABN 34 154 808 312 (Australian Financial Services License Number 425376). website), employees and/or associates of Kalkine Pty Ltd do not hold positions in any of the stocks covered on the website. These stocks can change any time and readers of the reports should not consider these stocks as advice or recommendations.



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