Travelex registers 24% increase in FY23 revenues

Travelex registers 24% increase in FY23 revenues

Global travel money services business Travelex International Group today announced its full-year results for the year ended 31 December 2023.

The Group reported underlying EBITDA of £58.8 million, representing £35.8 million or 156% growth on 2022 (£61.3 million, up 166% on a constant currency basis).

Full year revenues were up 24% year-on-year, at £534.2 million (£541.9 million, up 26% on a constant currency basis), with continued growth expected, including from increased passenger numbers which are currently at c.87% of historical levels at the airports in which the Group operates.

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