Dart Group PLC AGM Statement (0297Q)
07 September 2017 - 4:00PM
UK Regulatory
TIDMDTG
RNS Number : 0297Q
Dart Group PLC
07 September 2017
7 September 2017
Dart Group PLC ("the Company")
Annual General Meeting Statement
At the Company's Annual General Meeting later today, Philip
Meeson, Executive Chairman, will make the following statement:
"The satisfactory start to the financial year as reported in our
Preliminary Results Statement of 13 July 2017 has continued, with
Leisure Travel bookings growing in line with our 41% summer 2017
seat capacity increase. Demand for our higher margin package
holiday products remains strong and holiday customer numbers as a
proportion of total departing customers have increased slightly. It
is particularly encouraging to report that our new London Stansted
and Birmingham Airport operating bases are already proving popular,
with over 1.3m passengers booked to fly with Jet2.com this summer,
of which close to 50% have chosen a package holiday with
Jet2holidays.
Continued progress is being made at Fowler Welch, our
Distribution & Logistics business.
Despite our airline ticket yields being lower than those
achieved in summer 2016, overall the Board expects the Group to
meet current market expectations of underlying profit before
taxation for the year ending 31 March 2018 and will provide a
further trading update on publication of its interim results on 16
November 2017."
Underlying profit before taxation is defined as profit before
taxation stated before foreign exchange revaluation gains or
losses
For further information please contact:
Dart Group PLC Tel: 0113 239
Philip Meeson, Executive Chairman 7817
Gary Brown, Group Chief Financial
Officer
Smith & Williamson Corporate Tel: 020 7131
Finance Limited 4000
Nominated Adviser
David Jones / Katy Birkin
Canaccord Genuity Tel: 020 7523
Joint Broker 8000
Bruce Garrow / Ben Griffiths
Arden Partners Tel: 020 7614
Joint Broker 5900
Christopher Hardie
Buchanan Tel: 020 7466
Financial PR 5000
Richard Oldworth
Certain information contained in this announcement would have
been deemed inside information for the purposes of Article 7 of
Regulation (EU) No 596/2014 until the release of this
announcement.
This information is provided by RNS
The company news service from the London Stock Exchange
END
AGMFMGGLKVFGNZM
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