Global Business Travel Group Inc
GBTG
ISIN US37890B1008 / Valor 118823968
Global Business Travel Group Inc
UMushroom community rating:
About company
Global Business Travel Group Inc, a subsidiary of GBT Travel Services UK Limited, offers premium travel tools and services for corporate travel management teams through its Neo™ software system. Operating under a limited license from American Express, the company provides a unified platform for booking and managing corporate travel and expenses. With a focus on efficiency and convenience, Global Business Travel Group Inc aims to streamline the travel management process for businesses worldwide.
Summarized from source with an LLMView SourceSector: FinanceLatest Results (07.08.2024):
Revenue Growth
Global Business Travel Group Inc. reported a revenue increase of 6% year over year for the second quarter of 2024, reaching $625 million. This growth was driven by a 4% increase in transaction volume and a 5% rise in total transaction value (TTV).
Adjusted EBITDA
For Q2 2024, Global Business Travel Group Inc. achieved an adjusted EBITDA of $127 million, marking a 20% increase compared to the same period in the previous year. This improvement was attributed to revenue growth and enhanced operating leverage.
Net Income
Global Business Travel Group Inc. reported a net income of $27 million for the second quarter of 2024, a significant turnaround from a net loss of $55 million in Q2 2023. This improvement was primarily due to higher revenue, lower interest expenses, and favorable tax benefits.
Free Cash Flow
The company generated $49 million in free cash flow during Q2 2024, representing a 148% increase year over year. This was driven by improved net cash from operating activities and reduced capital expenditures.
Debt and Liquidity
As of June 30, 2024, Global Business Travel Group Inc. reduced its net debt to $850 million, down from $1,024 million a year ago. The company also completed a refinancing in July, which lowered interest costs and extended debt maturities to 2031, enhancing overall liquidity.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
4460 M
Market cap (USD)
139,031
Daily traded volume (Shares)
9.48 / 9.31
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
Dividend (USD)
Dividend yield (p.a.)
Est dividend (USD)
Est dividend yield
P/E ratio
Est P/E ratio
EPS (USD)
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Ratings & reviews
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