By Digifin Pty Ltd · About this coverage
The Short Version
Web Travel Group expects 1H27 Underlying EBITDA of between AUD80 million and AUD86 million.
WebBeds 1H27 total transaction value margin is guided to circa 6.7%, up from 6.5% in 1H26, with revenue up 11-15%.
The company announced an on-market share buy-back of up to $90 million.
About Web Travel Group (ASX:WEB)
Web Travel Group Limited is an ASX-listed travel business whose principal operation is WebBeds, a global business-to-business accommodation supplier connecting hotels with travel trade buyers. It reports in Australian dollars with WebBeds earning in euro as its functional currency.
1H27 guidance
Web Travel Group Limited (ASX:WEB) provided guidance for the six months to 30 September 2026 (1H27) and announced its intention to conduct an on-market share buy-back of up to a maximum value of $90 million. The Company expects WebBeds 1H27 total transaction value (TTV) margin of circa 6.7%, up from 6.5% in 1H26, and WebBeds 1H27 revenue (in EUR functional currency) to be up 11-15% on 1H26. Group 1H27 Underlying EBITDA is on track to be between AUD80 and AUD86 million, despite currency headwinds of approximately 9% compared with 1H26, with cash conversion greater than 100%.
Capital management
The Board stated it does not believe the current share price appropriately reflects the Company's trading performance, cash generation and medium-term earnings outlook, and intends to commence the on-market buy-back using existing cash reserves while retaining flexibility to continue to invest in growth. The buy-back is expected to commence in August 2026, and shares bought back will be cancelled upon acquisition. Managing Director John Guscic said WebBeds continues to deliver TTV growth with enhanced margin. A trading update will be provided at the Company's AGM on 27 August 2026.
What to Watch Next
Buy-back commencement
The on-market buy-back of up to $90 million is expected to commence in August 2026, with shares bought back to be cancelled upon acquisition.
AGM trading update
A trading update will be provided at the Company's AGM on 27 August 2026.
1H27 period end
The guidance covers the six months to 30 September 2026; actual results follow after period end.
Source: Web Travel Group Limited (ASX:WEB), 28 July 2026. Summary content supplied by Digifin Pty Ltd.
News summary only, not financial advice. It does not consider your objectives, financial situation or needs.