Global Business Travel Group Reiterates FY24 Revenue Guidance Of $2.43B-$2.50B Vs 2.48B Est.
Portfolio Pulse from Benzinga Newsdesk
Global Business Travel Group (GBTG) has reiterated its FY24 revenue guidance of $2.43B-$2.50B, raised its full-year 2024 Free Cash Flow guidance, and expects significant Adjusted EBITDA growth. The guidance does not include the impact of the CWT acquisition expected to close in Q1 2025.
August 06, 2024 | 11:56 am
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Global Business Travel Group (GBTG) has reiterated its FY24 revenue guidance of $2.43B-$2.50B and raised its full-year 2024 Free Cash Flow guidance. The company expects significant Adjusted EBITDA growth and has strengthened its financial position through debt refinancing.
The reiteration of revenue guidance and the increase in Free Cash Flow guidance are positive indicators for GBTG's financial health. The company's strong Adjusted EBITDA growth and improved financial position due to debt refinancing are likely to boost investor confidence and positively impact the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100