Corporate Travel Management Ltd (ASX: CTD) Shares Drop 11% Amid Earnings Downgrade.

Fri 02 May 25, 04:27 AM | Team Kalkine

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Highlights

Corporate Travel Management Ltd (ASX: CTD) saw its shares tumble by 11% in Friday’s trading session, falling from AUD13.00 to AUD11.54. The drop comes after the company released an update downgrading its revenue forecast for the full fiscal year 2025 by approximately 4%. This marks a significant shift from its earlier guidance, resulting in expectations for a $30 million lower earnings before interest, taxes, depreciation, and amortisation (EBITDA).

The company attributed the reduced outlook to a combination of broad economic challenges and uncertainty surrounding tariffs in North America and Asia. These factors have slowed client activity and affected growth during what is traditionally one of the busiest periods for the travel industry. Corporate Travel noted that it now expects revenue growth in regions outside of Europe (Rest of World ex-Europe) to be approximately 5% higher than in FY 2024, with year-on-year EBITDA growth forecasted at 10%.

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