Dart Group PLC Trading Update (1852F)
19 February 2018 - 6:00PM
UK Regulatory
TIDMDTG
RNS Number : 1852F
Dart Group PLC
19 February 2018
19 February 2018
Dart Group PLC ("the Group")
Trading Update 19 February 2018
Dart Group PLC, the Leisure Travel and Distribution &
Logistics group, is pleased to give the following update on
trading.
Current Financial Year (FY18)
Due to the continued success of our growing Leisure Travel
business and a more normalised pricing environment after the heavy
discounting in the market over the past year, the Board now expects
Group underlying profit before taxation([1]) for the year ending 31
March 2018 to be materially ahead of current market
expectations.
The Group will publish its Preliminary Results for the year
ending 31 March 2018 on 12 July 2018.
Next Financial Year (FY19)
The Group continues to develop and build its businesses.
Looking ahead to the year ending 31 March 2019, forward bookings
in our Leisure Travel business for summer 2018 are presently
satisfactory. We also remain encouraged by the performance of our
two new operating bases at London Stansted and Birmingham
airports.
Our Distribution & Logistics business, Fowler Welch,
continues to focus on growing its revenue pipeline and developing
existing and new business opportunities.
It is still early in the leisure travel booking cycle and we
remain cautious on pricing. However, given the satisfactory forward
bookings and the execution of our growth strategy, the Board
currently expects the Group's trading performance for the year
ending 31 March 2019 to be broadly in line with the current
financial year.
([1]) Underlying profit before taxation is defined as profit
before taxation stated before foreign exchange revaluation gains or
losses.
For further information, 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 - Joint Tel: 020 7523
Broker 8000
Antony Isaacs
Ben Griffiths
Arden Partners - Joint Broker Tel: 020 7614
Christopher Hardie 5900
Buchanan - Financial PR Tel: 020 7466
Richard Oldworth 5000
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
TSTGGUBWPUPRGQQ
(END) Dow Jones Newswires
February 19, 2018 02:00 ET (07:00 GMT)
Jet2 (LSE:JET2)
Historical Stock Chart
From Jun 2024 to Jul 2024
Jet2 (LSE:JET2)
Historical Stock Chart
From Jul 2023 to Jul 2024