The global figures for the brand, parent company of Event Travel Management (ETM), show the group is expecting a 23-30% increase in EBITDA over the next 12 months, following a rebrand from Chambers Travel Group earlier this year, strong growth and new client wins.
The company’s Australian office has announced a 35% increase in turnover, while this year’s EBITDA was £39.3m, up 41% from the previous year.
CTM managing director and founder, Jamie Pherous, said the past 12 months continued to show the value of a globally-focused travel management company, that could face challenges in individual markets, growing by leveraging local expertise, and supported by business-wide technology innovations.
"Our business continues to strengthen its position, with record operating cash flow conversion of 120 per cent reflecting the success of the model despite significant expansion. This year’s financial results are a measure of our success in delivering for our clients; our global network provides benefits in technology, service, and scale, and we are winning and growing client accounts because of the recognition of our international capabilities."
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