Dart Group PLC Trading Update (4076W)
April 17 2019 - 1:00AM
UK Regulatory
TIDMDTG
RNS Number : 4076W
Dart Group PLC
17 April 2019
17 April 2019
Dart Group PLC ("the Group")
Trading Update
Dart Group PLC, the Leisure Travel and Distribution &
Logistics group, is pleased to give the following update on
trading.
Year ended 31 March 2019 (FY19)
Due to the continued success of our growing Leisure Travel
business, the Board expects Group profit before foreign exchange
revaluation & taxation for the year ended 31 March 2019 to be
slightly ahead of current market expectations.
Year ending 31 March 2020 (FY20)
We highlighted in our November 2018 Interim Results announcement
that due to the overall uncertain UK economic outlook, particularly
in relation to Brexit, we remained unclear how demand would develop
in the medium term. We are now seeing that Summer 2019 forward
bookings in our Leisure Travel business, though positive, reflect
some consumer uncertainty and that pricing for both our Flight-Only
and Package Holiday products is more competitive.
Our Distribution & Logistics business, Fowler Welch,
continues to focus on growing its revenue pipeline and developing
existing and new business opportunities.
With a considerable way to go in the leisure travel booking
cycle, the Board remains optimistic of meeting current market
expectations of Group profit before foreign exchange revaluation
& taxation for the year ending 31 March 2020. The Group will
announce its Preliminary Results for the year ended 31 March 2019
on 11 July 2019 at which point it will provide a fuller outlook for
the all-important Summer 2019 trading period.
For further information, please contact:
Dart Group plc Tel: 0113 239 7817
Philip Meeson, Executive Chairman
Gary Brown, Group Chief Financial
Officer
Cenkos Securities plc Tel: 020 7397 8900
Nominated Adviser
David Jones / Katy Birkin
Canaccord Genuity - Joint Broker Tel: 020 7523 8000
Ben Griffiths
Arden Partners - Joint Broker Tel: 020 7614 5900
Tom Price/Simon Johnson
Buchanan - Financial PR Tel: 020 7466 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 news service of the
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Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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