PR Newswire
LANGLEY, U.K., Aug. 3, 2017
LANGLEY, U.K., Aug. 3, 2017 /PRNewswire/ -- Travelport Worldwide Limited (NYSE: TVPT) announced today its financial results for the second quarter and half year ended June 30, 2017.
Highlights (for the second quarter unless stated otherwise)
Gordon Wilson, President and CEO of Travelport, commented:
"We delivered a solid quarter, with top line growth reflecting pressure in certain regional travel markets, the sale of IGTS and the impact of the timing of Easter. Our overall results for the first half of the year were in line with our expectations and our Travel Commerce Platform continues to gain growth momentum, especially in the European and Asian online sectors where we are increasing our share. I am also delighted to confirm that, post period-end, we concluded the renewal of our full content agreement with Delta Air Lines on a long-term basis.
"In Beyond Air, we are seeing good progress in hotel and car bookings, and have launched several new digital innovations for our airline and agency partners that bolster our position as the industry leader for mobile travel commerce. Our commercial payments business, eNett, also continues to make excellent progress with both existing customers and new business development. The second half has started well across the group, and we remain on track to deliver our growth targets for the year."
Summary
| Three months ended June 30, | Six months ended June 30, | ||||
(in $ thousands, except per share amounts) | 2017 | 2016 | Change | 2017 | 2016 | Change |
Net revenue | 612,107 | 605,905 | 1% | 1,262,870 | 1,215,168 | 4% |
Operating income | 73,850 | 37,760 | 96% | 172,720 | 117,628 | 47% |
Net income (loss) | 34,366 | (14,429) | * | 90,229 | 2,752 | * |
Income (loss) per share – diluted | $0.28 | $(0.12) | * | $0.72 | $0.01 | * |
Adjusted EBITDA | 147,006 | 139,013 | 6% | 315,559 | 293,153 | 8% |
Adjusted Operating Income | 84,832 | 82,796 | 2% | 192,073 | 179,260 | 7% |
Adjusted Net Income | 50,006 | 34,287 | 46% | 114,363 | 85,242 | 34% |
Adjusted Income per Share – diluted | $0.40 | $0.28 | 43% | $0.91 | $0.69 | 32% |
Net cash provided by operating activities | 83,585 | 76,728 | 9% | 178,607 | 102,932 | 74% |
Free Cash Flow | 60,365 | 54,264 | 11% | 131,778 | 57,947 | 127% |
Cash dividend per share | $0.075 | $0.075 | - | $0.15 | $0.15 | - |
| ||||||
*Percentage calculated not meaningful | ||||||
| ||||||
The Company refers to certain non-GAAP financial measures in this press release, including Adjusted EBITDA, Adjusted Operating Income (Loss), Adjusted Net Income (Loss), Adjusted Income (Loss) per Share - diluted, Capital Expenditures, Net Debt and Free Cash Flow. Please refer to pages 10 to 13 of this press release for additional information, including reconciliations of such non-GAAP financial measures. |
Discussion of Results for the Second Quarter of 2017
Hinweis: ARIVA.DE veröffentlicht in dieser Rubrik Analysen, Kolumnen und Nachrichten aus verschiedenen Quellen. Die ARIVA.DE AG ist nicht verantwortlich für Inhalte, die erkennbar von Dritten in den „News“-Bereich dieser Webseite eingestellt worden sind, und macht sich diese nicht zu Eigen. Diese Inhalte sind insbesondere durch eine entsprechende „von“-Kennzeichnung unterhalb der Artikelüberschrift und/oder durch den Link „Um den vollständigen Artikel zu lesen, klicken Sie bitte hier.“ erkennbar; verantwortlich für diese Inhalte ist allein der genannte Dritte.