Jet2holidays Fowler Welch Fowler Welch Fowler Welch Jet2holidays

Company Announcements

AGM Statement 07 September 2017

07th September 2017

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 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

Philip Meeson, Executive Chairman

Gary Brown, Group Chief Financial Officer

Tel:              0113 239 7817

Smith & Williamson Corporate Finance Limited

Nominated Adviser

David Jones / Katy Birkin

Tel:              020 7131 4000

Canaccord Genuity

Joint Broker

Bruce Garrow / Ben Griffiths

Tel:              020 7523 8000

Arden Partners

Joint Broker

Christopher Hardie

Tel:              020 7614 5900


Financial PR

Richard Oldworth

Tel:              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.

This information is provided by RNS
The company news service from the London Stock Exchange

Written by Internal

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September 07, 2017 at 00:00

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