Sept 23 (Reuters) - Webjet Ltd (WEB) :
- THOMAS COOK ENTERED COMPULSORY LIQUIDATION
- THOMAS COOK IS A CUSTOMER OF WEBJET LIMITED'S WEBBEDS B2B BUSINESS
- SAYS THERE WILL BE NO IMPACT ON MORE THAN 3,000 HOTEL CONTRACTS WEBJET ACQUIRED FROM THOMAS COOK IN AUGUST 2016
- OUTCOME WILL IMPACT WEBJET'S FY20 UNPAID RECEIVABLES EXPOSURE
- OUTCOME WILL IMPACT WEBJET'S FY20 LOSS OF TOTAL TRANSACTIONAL VALUE (TTV) FROM THOMAS COOK
- NO CHANGE TO OTHER EXPECTED FY20 EARNINGS DRIVERS INDICATED IN FY19 RESULTS
- THERE WILL BE NO MATERIAL ADVERSE IMPACT ON CO'S LIQUIDITY; ANY WRITE-OFF WILL BE ABSORBED BY EXISTING CASH RESERVES, UNDRAWN FACILITIES
- IN AUGUST EXPECTED WEBBEDS BUSINESS TO EARN AN ADDITIONAL $27 TO $33 MILLION OF EBITDA IN FY20
- IMPACT OF THOMAS COOK'S COLLAPSE IS EXPECTED TO REDUCE EXPECTATION OF WEBBEDS EARNINGS BY UP TO $7 MILLION IN EBITDA IN FY20
- AS AT SEPT 23, THOMAS COOK OWED WEBJET ABOUT EUR 27 MILLION IN OUTSTANDING RECEIVABLES
Sept 23 (Reuters) - Webjet Ltd (WEB) : THOMAS COOK ENTERED...
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