Investor Day & Revised Notice

RNS Number : 5628U

Holidaybreak PLC

19 October 2010

 



Tuesday 19 October 2010: For immediate release

HOLIDAYBREAK PLC

Investor Day

Revised Notice of Full Year Results

Holidaybreak, the education and activity travel group, announces that it is today hosting an Investor Day for analysts and investors at its PGL outdoor education centre at Liddington, near Swindon.

No new financial information for the 2010 financial year will be released at this event. The Group reiterates the guidance that it gave to the market on 12 August 2010, when it released its interim management statement seven weeks before the financial year end. Holidaybreak continues to perform in line with management expectations and is confident of delivering a good financial performance for the year.

The Group now expects to announce its full year results for the 12 months to 30 September 2010 on Tuesday 30 November 2010.

Martin Davies, Group Chief Executive, said:

"Education is central to the Group's plans for profitable growth, through consolidation and extension of our market-leading UK position and by taking our core skills to new markets and products, particularly in Europe.

In addition, our Camping Division has undertaken a thorough review of the life expectancy of its mobile-home fleet and concluded that its average lifespan can be extended by approximately 2 years.  This will have a material positive impact on the Group's cash flow in the medium term.

We will also be changing the Group reporting structure. What we currently classify as our education and adventure businesses will in future report as part of a single Education & Adventure Division. These businesses exhibit strongly complementary skills in exploratory, active and life-enriching travel. "

The Investor Day presentation will be made available on the Holidaybreak plc website, www.holidaybreak.co.uk, at 2pm today.

Enquiries:

Holidaybreak  

Martin Davies / Bob Baddeley                                                             [phone]

Brunswick

Craig Breheny / Oliver Hughes                                                           [phone]

Notes to Editors

Holidaybreak (HBR.L) is an education and activity travel group listed on the London Stock Exchange. The Group's businesses have market leading positions in the UK and other major European markets, organising educational and activity trips, worldwide exploratory trips, outdoor family holidays and short breaks. For more information, please go to www.holidaybreak.co.uk.

 

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