Dart Group PLC Trading Update (5174P)

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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 
 

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October 11, 2019 02:00 ET (06:00 GMT)