Travel management company ATPI Group has experienced “record high” sales during the first half of 2023 with an increase of 35 per cent compared with the same period last year.
ATPI, which was ranked as the eighth largest TMC in Europe by BTN Europe earlier this year, said its profitability had also increased by 25 per cent compared with the pre-Covid year of 2019.
The TMC said it had “strengthened performance across every business line and territory” that it operates in. ATPI added that it had also benefited from “exceptional service levels, staff retention, flexible business model and restructuring efforts during the pandemic”.
ATPI did not release any financial figures for its performance so far this year, although the company had gross European sales of €837 million in 2022, according to BTN Europe’s list of the continent’s leading TMCs.
Ian Sinderson, ATPI Group’s CEO, said: “ATPI emerged from the pandemic in a creative, innovative and service-focused manner - and we’re now stronger than ever. We quickly transitioned from a competitive TMC in each tender process to clear winners.
“I challenge us to sustain post-Covid momentum and take nothing for granted. By doing so, we fully expect to double the size of our business in the next five years.”
The group’s strong presence in the marine industry meant that “a significant percentage of the business never slowed down during the pandemic”. This allowed the company to retain a “large proportion of its workforce and streamline its operations in other areas”.
There have also been “significant new client wins” outside the marine industry, added ATPI, including in the mining and resources sectors, as well as its growing sports, media and entertainment businesses.
ATPI’s increase in sales during the first six months of 2023 also helped to drive an increase of nearly 30 per cent in both revenue and ebitda (earnings before interest, taxes, depreciation and amortisation) for the TMC compared with the first half of last year.
The company said its staffing levels were now back to pre-Covid levels and it had also increased its investment in technology by 35 per cent compared with 2019. This work has included integrating its profile, invoice, approval and itinerary platform with Microsoft Teams, upgrading its mobile app and creating a new analytics platform for clients.