AGM Statement

RNS Number : 8796N

Dart Group PLC

08 September 2011

 



8 September 2011

Dart Group PLC ("the Group")

AGM Statement

Dart Group PLC is pleased to announce that all of the ordinary and special resolutions proposed at today's Annual General Meeting were approved.

Commenting on current trading, Philip Meeson, Chairman and Chief Executive, said

"Current trading conditions remain challenging.  In particular, the Aviation business has been impacted by weaker consumer demand resulting in lower yields, although the business has been successful in improving load factors supported by continued growth of the Holidays operation.  As I indicated in my year end statement, we expect these challenging economic conditions to continue to impact on yields in Aviation for the foreseeable future, impacting on our ability to pass on cost growth to our customers.

Fowler Welch, our Distribution business, has continued to deliver revenue growth but is experiencing tightening margins, whilst continuing to trade in line with the Board's expectations.

Overall, the Board still hopes to meet market expectations for the current year."

For further information contact:

Dart Group PLC	Tel:	0113 238 7444
Philip Meeson Group Chairman and Chief Executive	Mobile:	07785 258666
Andrew Merrick Group Finance Director	Mobile:	07788 565358
Andy Pedrette / Siobhan Sergeant Smith & Williamson Corporate Finance Limited	Tel:	020 7131 4000

 

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