Total group revenue rose to €173.8m following a rise in travel demand following the pandemic, as well as a number of new business wins.
The travel software business signed a total of 14 new contracts in its previous financial year.
This included new partnerships with American airline Avelo and Spanish low-cost carrier Volotea, as well as a collaboration with hotel rewards programme Hilton Honors.
Car reservation volumes jumped 15pc year-on-year, while car rental pricing stabilised from record highs recorded in its previous financial year, the company reported.
Group operating profit rose 150pc to €8.3m in the same period.
CarTrawler expects to deliver a strong performance in its current financial year following the signing of a further 10 new contracts.
The company has partnered with Air France-KLM Group, Wizz Air, Jet.com, Jet2holidays and Luxury Escapes in recent months.
It now has a network of over 2,200 car rental and mobility suppliers across 50,000 locations in over 150 countries.
Headquartered in Dublin, CarTrawler employs more than 400 employees.
“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,” chief executive Peter O’Donovan said.
Other partners include easyJet, Emirates and United Airlines.
“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 10 new partners already added the last year and in combination will drive further growth in our 2024 financial year,” Mr O’Donovan added.
Mr O’Donovan was appointed to the role of chief executive role in 2022. He previously held the role of chief operations officer at CarTrawler for four years.
In May 2020, the company was taken over by private equity firm TowerBrook.
TowerBrook injected a controlling equity investment in excess of €100m. The firm said at the time that the investment would strengthen CarTrawler’s balance sheet during a period of “unprecedented disruption to the global travel market.”
