Datalex on track to hit targets

Datalex, the provider of ecommerce and retail solutions to the travel industry, remains on track to deliver full-year earnings growth of up to 30 per cent.

In an interim statement released this morning, the company revealed that its transaction revenue increased by 15 per cent in the four months to October 31st 2013, compared to the same period in 2012, driven both by new customers going live on its travel distribution platform (TDP) platform, including Virgin Australia in August, and by existing customers . According to the company, its financial position at this date is also "in line with our expectations".

Looking ahead, Datalex’s business pipeline remains strong across every region and in every market segment, and its expects to sign additional new customers in the coming months.

With respect to the outlook for 2013, Datalex says that its ambition is to deliver growth of 25-30 per cent in adjusted EBITDA and to grow its customer base, thereby providing a platform for sustainable EBITDA growth in the years ahead.

“Whilst challenges remain, both in the global airline industry and in our own marketplace, we have made good progress to date in 2013 and we remain on track to deliver on guidance.”