All Ordinaries Index (ASX: XAO) share Helloworld Travel Ltd (ASX: HLO) is taking off on Monday.
It comes as the company posts its earnings for the first half, detailing three times more transaction volume than the prior comparable period (pcp).
Right now, the Helloworld share price is 5.39% higher than its previous close, trading at $2.15.
However, it peaked at $2.32 earlier today – marking a 13.7% jump.
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All Ords share Helloworld soars on strong earnings
Here are the key takeaways from the company's results:
- $1.2 billion of total transaction volume (TTV) – up 209% on the pcp
- Revenue from continuing operations reached $73 million – a 151% jump
- $13 million of earnings before interest, tax, depreciation, and amortisation (EBITDA) – up from a near-$8 million loss
- Net profit after tax (NPAT) came to $1.6 million – up from a $15.2 million loss
- 2 cent per share fully franked interim dividend declared
Is travel back, baby? It looks likely considering the huge jump in TTV Helloworld posted for the last half.
Of that, $1 billion came from Aussies – a 194% increase – and $178 million from New Zealanders – up 359%.
The company's Fijian operations also saw 22.3 times more TTV last half while its transport, logistics, and warehousing posted a 106% jump on revenue amid a return of large entertainment events.
It ended the period with $83.8 million of cash and no debt.
What else happened last half?
Last half was a busy period for the All Ords share.
The company said demand for the services of its network agents has continued to outstrip agent availability. Though, it notes many consultants who left the industry through COVID-19 are now looking to return.
Finally, Helloworld underwent its first post-pandemic brand campaign last half.
What did management say?
Helloworld chair Garry Hounsell commented on the news driving the All Ords share sky high today, writing:
[TTV growth] reflects the strong demand from the travelling public, domestic and international borders returning to normal, Helloworld's strong product offering, and the incredible efforts of our agency networks to service their customer base.
Booking volumes are expected to continue to increase as prices normalise and capacity returns with airlines and tour operators continuing to on-board further resources to meet demand.
What's next?
The company expects to post full-year underlying EBITDA of between $28 million and $32 million.
It also revealed its TTV came in at $212 million in January – a 290% jump on the same month of last year.
Helloworld share price outperforms the All Ords in 2023
Helloworld's stock has been flying high lately.
The share has gained 62% since the start of 2023 while the All Ords has lifted 6%.
Over the last 12 months, however, the stock has fallen 12% while the index has gained 0.5%.
