Webjet: It just keeps getting better
About the author:
- Author name:
- By Belinda Moore
- Job title:
- Senior Analyst
- Date posted:
- 25 May 2023, 7:00 AM
- Sectors Covered:
- Agriculture, Food & Beverage, Travel and Chemicals
- Webjet (ASX:WEB) reported a strong FY23 result which materially exceeded expectations, despite FX headwinds and restricted airline capacity. Pleasingly, operating cashflow was also materially stronger than expected and has further strengthened its already strong balance sheet.
- Outlook commentary was upbeat and we have made material upgrades to our forecasts.
- WEB has clearly come out of COVID with a materially lower cost base, consolidated systems and a large business in the US. With plenty of market share still to win, we maintain an Add rating on this high quality growth stock.
Find out more
Download full research note
If you would like more information, please contact your adviser or nearest Morgans office.
Request a call
Find local branch
Disclaimer: The information contained in this report is provided to you by Morgans Financial Limited as general advice only, and is made without consideration of an individual's relevant personal circumstances. Morgans Financial Limited ABN 49 010 669 726, its related bodies corporate, directors and officers, employees, authorised representatives and agents (“Morgans”) do not accept any liability for any loss or damage arising from or in connection with any action taken or not taken on the basis of information contained in this report, or for any errors or omissions contained within. It is recommended that any persons who wish to act upon this report consult with their Morgans investment adviser before doing so.
Print this page