Once again, a large number of results have been released to the market this morning.
Two ASX 200 consumer shares that have impressed investors are listed below. Here's what they reported:
Corporate Travel Management Ltd (ASX: CTD)
The Corporate Travel Management share price is up 10% to $16.50.
Investors have been bidding the corporate travel specialist's shares higher despite it reporting a 6% decline in half year revenue to $342.8 million and a 33% decline in underlying net profit after tax to $38.7 million. This forced the company's board to cut its interim dividend by 41% to 10 cents per share.
However, it is worth noting that this result was significantly impacted by its European operations which wound down one-off war-related projects from FY 2024. If you exclude these operations, the Rest of World segment delivered strong underlying EBITDA growth of 38%.
Management notes that this "underscores the success of CTM's strategy to grow market share, increase revenue per transaction, and leverage scale through automation and proprietary technology."
Commenting on the half, the ASX 200 consumer share's managing director, Jamie Pherous, said:
We are pleased with the strong performance in our Rest of World regions, which best represents our execution to strategy. Our largest regions of North America and Australia and New Zealand are leading the way and Europe is now set up for a strong finish to the year as we on-board new corporate clients.
We continue to return capital to shareholders while preserving a debt-free balance sheet. We remain focused on our strategy to double FY24 EPS within five years, supported by disciplined capital management and ongoing investment in proprietary technology solutions.
Looking ahead, the company is expecting a stronger second half, and is aiming to double its FY 2024 earnings per share within five years.
Lottery Corporation Ltd (ASX: TLC)
The Lottery Corporation share price was up almost 6% to $5.21 in early trade.
This morning, this gambling company released its half year results and reported a 5.6% decline in revenue to $1,779.2 million and a 9.9% decline in net profit after tax (excluding one-offs) to $175.7 million.
This reflects modest revenue growth in the Keno business, which was offset by weaker revenues in the key Lotteries segment due to below-average jackpot outcomes.
However, unlike Corporate Travel Management, this profit decline didn't result in a dividend cut. Instead, the ASX 200 consumer share held firm with its fully franked 8 cents per share interim dividend.
The company's CEO, Sue van der Merwe, was pleased with the half. She said:
The Lottery Corporation's result for the half (1H25) demonstrates the strength and resilience of our diversified game portfolio, proactive portfolio management, and the ongoing benefits of our customer-focused innovation. We grew our active registered customer numbers and digital share on the pcp and, pleasingly, held onto most of the gains we made during the large jackpots in 2H24.
