Webjet Limited (AU:WEB) has released an update.
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Webjet Limited has reported a remarkable recovery in FY24 with a significant increase in profits, bookings, and transaction values, while maintaining robust cash reserves and contemplating a demerger to create two distinct ASX-listed companies. The company’s focus on capital management and sustainability continues, alongside the management of a potential dilutive effect of a convertible note issue. Shareholders will soon vote on the proposed separation of Webjet B2C from the parent group, potentially leading to the formation of WEB Travel Group and the new Webjet Group Limited.
For further insights into AU:WEB stock, check out TipRanks’ Stock Analysis page.
