Irish tech firm CarTrawler has reported revenue of €173.8m for the full year to the end of September 2023, up 5% on the previous year.
It reported an operating profit of €8.3m, up 150% on 2022.
The company creates and powers software that provides their customers with access to car rental and mobility options in over 50,000 locatios around the world.
It works with airlines and travel companies, including easyJet, Norwegian Air Shuttle, Emirates, United Airlines, Uber and American Express Travel, as well as a network of over 2,200 car rental and mobility suppliers in more than 150 countries.
Headquartered in Dublin, the company has over 400 employees.
Publishing full year results this morning, it said the strong performance for 2023 was fueled by the ongoing recovery and growth in travel demand post Covid, in addition to several new business wins.
It said it's on track to deliver further growth in 2024 and 2025, following ten significant new contract signings in the last year including the Air France-KLM Group, Wizz Air, Jet.com & Jet2holidays and Luxury Escapes.
"Our strong performance in 2023 is testament to the strength of our market leading proposition and the talent across our business, which in combination maximises ancillary revenue for our 250 travel partners and 70 airline partners," said Peter O’Donovan, Chief Executive of CarTrawler.
He added that the outlook for the business is the most positive it has ever been.
"The strength of our proposition is enabling us to deliver a record level of new business, with several new partners going live in the coming months.
"This is in addition to the ten new partners already added the last year and in combination will drive further growth in our 2024 financial year."
