Thomas Cook Twitter Space by Abhishek Jain
- Acquisition of SOTC has given synergies like Operations/Buying Power/Bargaining Power. For e.g. in buying the number of tickets.
- India is seeing a travel pickup and Indians are very price sensitive.
- Thomas Cook is providing a complete travel solution along with as much digitization as possible. They are also catering to cities other than tier 1.
- Corporate Travel picked up since March 2022. Leisure travel already has negative WC days.
- Have Gained Market Share after C&K fiasco.
- Forex: Have started cross selling to travel customers. Forex services on airports have been reduced as they incurred high expenditure. Because of this margins will improve. SOTC will be of help here in operational/bargaining power synergies.
- Sales in FY24 are expected to reach pre-covid levels.
- Pickup in Travel (Inbound/Outbound).
- Sterling Resorts: They are doubling the rooms which is going to be an asset light model with no further capex expected.
- Digiphoto might have 12% expected margins by FY25.
- Expected PAT in FY24: 288 cr. & in FY25: 370 cr.
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