Corporate1 Travel Mgmt remains suspended until files FY earns

Corporate1 Travel Mgmt remains suspended until files FY earns

Title: Corporate Travel Management Delays FY25 Earnings Amid Auditing Issue

Corporate Travel Management (CTM) has announced a delay in the release of its 2025 fiscal year results due to an auditing issue with its financial reporting. The travel management company revealed that its auditors informed it on August 22 that there may be a need to adjust the timing of certain revenues and costs between the 2025 fiscal year and prior reporting periods. The adjustment, isolated to the European region, is expected to increase prior year earnings and reduce current year earnings.

Historical performance around CTM’s earnings releases has shown mixed outcomes for investors, with varying win rates and returns across different time horizons. While earnings surprises can sometimes drive short-term momentum, past results suggest that investors should approach post-earnings price movements with caution and consider broader market and fundamental factors. ``

CTM has hired a third-party firm to review its past financial statements. As a result of this review, the company has postponed the release of its 2025 fiscal year earnings from the initially scheduled date of Thursday to September 25. Additionally, CTM has voluntarily suspended trading of its securities on the Australian Securities Exchange until a definitive position on the restated accounts and its FY25 accounts is released.

References

[1] https://www.businesstravelnews.com/Management/CTM-Delays-Earnings-Suspends-Trading-Amid-Accounting-Fix