Global Business Travel Group Reiterates FY24 Revenue Guidance Of $2.43B-$2.5B Vs 2.48B Est.
Portfolio Pulse from Benzinga Newsdesk
Global Business Travel Group (GBTG) has reiterated its FY24 revenue guidance of $2.43B-$2.5B, aligning with expectations and aiming for strong profitability growth. The forecast includes an 18%-32% increase in Adjusted EBITDA and over $100M in Free Cash Flow, excluding impacts from the CWT acquisition expected to close in H2 2024.

May 07, 2024 | 11:49 am
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GBTG reiterates FY24 revenue guidance of $2.43B-$2.5B, expecting significant profitability growth and over $100M in Free Cash Flow, not accounting for the CWT acquisition.
Reiterating financial guidance typically signals confidence in the company's future performance and operational stability. GBTG's reaffirmation of its FY24 revenue and profitability targets, especially with significant expected growth in Adjusted EBITDA and Free Cash Flow, is likely to be viewed positively by investors. The exclusion of the CWT acquisition impact suggests that the core business alone is strong, which could further bolster investor confidence. However, the actual impact on stock price will depend on market conditions and investor sentiment.
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