Corporate Travel Management awarded a material contract

Corporate Travel Management Limited (ASX: CTD) announced that it has been awarded a contract by the UK Home Office of Bridging Accommodation & Travel Services. This contract is estimated for approximately AU$3.0 billion, TTV commencing from 1 March 2023 for two years with the option of a one-year extension in line with continuing demand requirements.

This work will be supported by an already established dedicated team within CTM as it involves highly complex services and logistic support; It has the experience and specialized knowledge to support this work. European region is already the company’s strongest contributor to CTM’s financial results. As a result, the European region will grow further in FY24 and beyond after this contract.

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