Web Travel Group (ASX:WEB) raised its first-half outlook, forecasting WebBeds' total transaction value margin of at least 6.7% and revenue growth of 14% to 16%, ahead of its previous guidance of 6.5% and 11% to 15%, respectively, according to an Australian bourse filing on Wednesday after market hours.
Operating leverage is expected to drive earnings before interest, taxes, depreciation, and amortization (EBITDA) growth ahead of revenue growth, lifting the company's first-half underlying EBITDA guidance to AU$85 million to AU$89 million from the previous AU$80 million to AU$86 million range, the filing added.
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