Dart Group PLC Trading Update (5174P)
October 11 2019 - 1:00AM
UK Regulatory
TIDMDTG
RNS Number : 5174P
Dart Group PLC
11 October 2019
11 October 2019
Dart Group PLC ("the Company")
Trading Update
As reported at our Annual General Meeting on 5 September, in our
Leisure Travel business we have continued to receive encouraging
levels of later season bookings, with overall demand for both our
Flight-Only offering and Package Holiday products continuing to
strengthen.
We have also experienced increased levels of customer demand
since Thomas Cook Group Plc entered into compulsory liquidation in
late September 2019 and we continue to assess the impact this will
have for our business in the coming months.
Given the strengthening booking trend, the Board now believes
that current market expectations for Group profit before foreign
exchange revaluations and taxation for the year ending 31 March
2020 will be exceeded. The Board will provide a further update on
publication of its interim results on 21 November 2019.
Looking further ahead, our comments from the Annual General
Meeting remain - 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.
For further information please contact:
Dart Group plc
Philip Meeson, Executive
Chairman
Gary Brown, Group Chief 0113 239
Financial Officer 7817
Cenkos Securities plc
Nominated Adviser 020 7397
Katy Birkin / Azhic Basirov 8900
Canaccord Genuity
Joint Broker 020 7523
Adam James 8000
Arden Partners
Joint Broker 020 7614
Tom Price / Simon Johnson 5900
Buchanan
Financial PR 020 7466
Richard Oldworth 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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