Dart Group PLC AGM Statement (0297Q)

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RNS Number : 0297Q

Dart Group PLC

07 September 2017

7 September 2017

Dart Group PLC ("the Company")

Annual General Meeting Statement

At the Company's Annual General Meeting later today, Philip Meeson, Executive Chairman, will make the following statement:

"The satisfactory start to the financial year as reported in our Preliminary Results Statement of 13 July 2017 has continued, with Leisure Travel bookings growing in line with our 41% summer 2017 seat capacity increase. Demand for our higher margin package holiday products remains strong and holiday customer numbers as a proportion of total departing customers have increased slightly. It is particularly encouraging to report that our new London Stansted and Birmingham Airport operating bases are already proving popular, with over 1.3m passengers booked to fly with Jet2.com this summer, of which close to 50% have chosen a package holiday with Jet2holidays.

Continued progress is being made at Fowler Welch, our Distribution & Logistics business.

Despite our airline ticket yields being lower than those achieved in summer 2016, overall the Board expects the Group to meet current market expectations of underlying profit before taxation for the year ending 31 March 2018 and will provide a further trading update on publication of its interim results on 16 November 2017."

Underlying profit before taxation is defined as profit before taxation stated before foreign exchange revaluation gains or losses

For further information please contact:

 
 Dart Group PLC                       Tel: [phone] 
  Philip Meeson, Executive Chairman    7817 
  Gary Brown, Group Chief Financial 
  Officer 
 
 Smith & Williamson Corporate         Tel: [phone] 
  Finance Limited                      4000 
  Nominated Adviser 
  David Jones / Katy Birkin 
 Canaccord Genuity                    Tel: [phone] 
  Joint Broker                         8000 
  Bruce Garrow / Ben Griffiths 
 
 Arden Partners                       Tel: [phone] 
  Joint Broker                         5900 
  Christopher Hardie 
 Buchanan                             Tel: [phone] 
  Financial PR                         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 company news service from the London Stock Exchange

END

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September 07, 2017 02:00 ET (06:00 GMT)