Dart Group PLC AGM Statement (2623L)
September 05 2019 - 1:00AM
UK Regulatory
TIDMDTG
RNS Number : 2623L
Dart Group PLC
05 September 2019
5 September 2019
Dart Group PLC ("the Company")
Annual General Meeting Statement
At the Company's Annual General Meeting today, Philip Meeson,
Executive Chairman, will make the following statement:
"In our Leisure Travel business, the later booking trend as
reported in our Preliminary Results Statement on 11 July 2019 has
continued, with overall demand for both our Flight-Only offering
and Package Holiday product continuing to strengthen.
Encouragingly, package holiday customer numbers as a proportion of
total departing customers have increased for summer 2019 to
date.
Winter season forward bookings have yet to match our seat
capacity growth, therefore pricing for both our leisure travel
products will need to remain continually enticing.
Encouraging progress continues to be made at Fowler Welch, our
Distribution & Logistics business, with new commercial wins
improving the quality of revenue and operational excellence
ensuring customer satisfaction.
With still some way to go in the Leisure Travel winter booking
cycle, the Board remains optimistic that current market
expectations for Group profit before foreign exchange revaluations
and taxation for the year ending 31 March 2020 will be met.
Looking further ahead, given the cost pressures the Travel
industry is facing in general, which will intensify given the
weakness in sterling, plus the deepening Brexit uncertainty and the
impact this may have on consumer confidence, we remain very
cautious in our outlook.
The Board will provide a further trading update on publication
of its interim results on 21 November 2019."
For further information please contact:
Dart Group plc
Philip Meeson, Executive Chairman
Gary Brown, Group Chief Financial
Officer 0113 239 7817
Cenkos Securities plc
Nominated Adviser
David Jones / Katy Birkin 020 7397 8900
Canaccord Genuity
Joint Broker
Adam James 020 7523 8000
Arden Partners
Joint Broker
Tom Price / Simon Johnson 020 7614 5900
Buchanan
Financial PR
Richard Oldworth 020 7466 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.
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END
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