The strong run of the Corporate Travel Management Ltd (ASX: CTD) share price continued on Monday when the travel company's shares reached a new all-time high of $24.25.
This brought Corporate Travel Management's year-to-date gain to over 30%.
Why are its shares at a new high?
Investors appear to be increasingly bullish on the travel company's growth prospects following its annual general meeting which was held last week.
At the meeting the company's management team flagged yet another year of strong growth.
According to management, the company is expected to deliver underlying EBITDA of between $120 million and $125 million in FY 2018.
This will be an impressive increase of between 22% and 27.5% on FY 2017's result and arguably goes some way to justifying its shares changing hands at 44x trailing earnings today.
