CTM’s global growth drives record half year profit

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Corporate Travel Management (CTM) has reported record half-year profits, buoyed by organic growth in each of its domestic and international markets. CTM’s global operations managed more than $1.7 billion in travel transactions in the past six months, a 54 per cent increase on last year’s equivalent result.

The increase was largely driven by organic growth, with 73 per cent of the $656 million lift in total transaction value coming from new client wins. Organic growth also accounted for 54 per cent of CTM’s revenue growth and 80 per cent of underlying EBITDA growth for the half year.

CTM Managing Director and founder Jamie Pherous said: “Our client-facing technology has been a contributing factor in winning market share. We continue to roll this out globally for the benefit of our clients both locally and globally.”

The company’s European operations have delivered 29 per cent growth in transactional value, and were expected to deliver an even stronger performance in the second half. Pherous said: “Europe has been instrumental in delivering new business, in order to meet clients’ expectations of a global service provider. Our focus in Europe is building a sustainable organisational structure for the long term, while delivering productivity gains through more automation.”

Headquartered in Australia, CTM is an award-winning provider of innovative and cost-effective travel management
solutions to the corporate market the company employs over 2,000 FTE staff globally and services clients across 82 cities in 53 countries globally, including owned operations across Australia, Asia, North America, Europe and New Zealand.

Are you interested in learning more about corporate travel? BTTB Australia is returning to Melbourne for the first time since 2001 and will enable travel category managers and their suppliers to meet, learn and share best practise. The conference will be held on 4th and 5th May 2016, Melbourne. Read more details here: http://bttbonline.com/ 

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Procurement and Supply Australasia (PASA) is the leading provider of information and education to procurement and supply professionals throughout Australia and New Zealand. PASA supports the largest community of engaged procurement stakeholders in the region, through its renowned series of events, publications, awards, plus various community and network building activities. PASA is a trading name of BTTB Marketing, for many years recognised as the leading producer of conferences and events for the procurement profession in Australia and New Zealand. Whether producing under the BTTB, CIPSA Conferences or now PASA brands over the last ten years, our events have consistently led the market in terms of both educational and networking opportunities.

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