Trading Update

RNS Number : 0182R

Dart Group PLC

04 March 2016

 

4 March 2016

Dart Group PLC ("the Group")

Trading Update 4 March 2016

Dart Group PLC, the Leisure Travel and Distribution & Logistics group, is pleased to give the following update on trading.

The Board believes that Group operating profit for the year ending 31 March 2016 will be slightly ahead of current market expectations, as a result of lower than anticipated winter losses.

The Group continues to develop and build its businesses and looking ahead to the year ending 31 March 2017, forward bookings in the Leisure Travel business for summer 2016 are promising, supported by an increasing number of package holiday customers as a proportion of overall customers booked. Over 50% of the season has already been sold, which is ahead of the same stage last year.

Trading volumes at Fowler Welch, our Distribution & Logistics business, also remain encouraging, as it continues to focus on growing and successfully developing, existing and new business opportunities.

Although it is still early in the leisure travel booking cycle and notwithstanding challenges in the Eastern Mediterranean, given current booking momentum the Board expects operating performance for the year ending 31 March 2017 to be broadly in line with the current year.

For further information contact:

Dart Group PLC Philip Meeson, Group Chairman and Chief Executive	Tel:             0113 239 7817
Gary Brown, Group Chief Financial Officer
Smith & Williamson Corporate Finance Limited Nominated Adviser David Jones	Tel:             020 7131 4000
Canaccord Genuity - Joint Broker Guy Marks / Mark Whitmore	Tel:             020 7523 8000
Arden Partners - Joint Broker Christopher Hardie	Tel:             020 7614 5900
Buchanan - Financial PR Richard Oldworth	Tel:             020 7466 5000

 

END

 

 

TSTUGUQGWUPQGMW