Optics

https://www.canva.com/design/DAF0IiOmR4M/1005q4HwlKi0gpZzq5ImDQ/edit?utm_content=DAF0IiOmR4M&utm_campaign=designshare&utm_medium=link2&utm_source=sharebutton

Despite all the dark macro storm clouds, things seem to be holding up remarkably well. The latest evidence being HelloWorld travel (again) increasing FY guidance. (ASX announcement here)

The company now expects FY underlying EBITDA of $42-45m.

Previous guidance, issued in April, was for a range of between $38-42m, which itself was an upgrade from $28-32m issued in February.

All geographic segments are now operating profitably.

Shares are on a EV/EBITDA of about 10. And at their highest level since Covid struck.

The acquisition will be earnings accretive in FY24 and beyond. The consideration represents an FY23 EBITDA multiple of approximately seven times forecast normalised earnings for ETG in FY23 of $10.0m - $11.0m

HELLOWORLD TRAVEL LIMITED (ASX:HLO) - Ann: Helloworld to Acquire Express Travel Group, page-1 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum