The Ann report on HLO's performance in Q3 presents a mixed picture. While the acquisition of ETG may have contributed to the growth in Total Transaction Value, concerns arise from the decline in like-for-like EBITDA excluding this acquisition
The decrease in revenue margin by 1.4% and EBITDA margin by 4% suggests potential challenges in maintaining profitability amidst current economic uncertainties and the possibility of increased impact of Covid , including increased airline capacity and airline pricing pressures that will likely affect future $ performance.
Although HLO are expected to meet their forecast IMO , a longer-term perspective reveals that many well-informed investors are focused on the outlook for 24-25, which looks like it is leading to a downward trend in travel overall, not just affecting HLO, but like we have seen in the past HLO seem to be the greatest impacted
HLO Price at posting:
$2.18 Sentiment: Hold Disclosure: Held
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