Jet2holidays Fowler Welch Fowler Welch Fowler Welch Jet2holidays

Company Announcements

Trading Statement 08 April 2014

08th April 2014

RNS Number : 2679E
Dart Group PLC
08 April 2014

8 April 2014

Dart Group PLC ("the Group")

Trading Statement 8 April 2014

Dart Group PLC, the Leisure Airline, Package Holidays, and Distribution & Logistics Group, is pleased to give the following update on trading.

The Group believes that pre-tax profitability for the year ended 31 March 2014 will be in line with current market expectations. Cash flow generation from operations remains healthy, and during the period the Group has continued to invest for future growth.

Looking forward to the year ending March 2015, overall forward booking levels for, the Group's Leisure Airline, are encouraging, with over 50% of summer 14 already sold. This is supported by the successful expansion of Jet2holidays and its sales of great value package holidays. Fowler Welch, one of the UK's leading distribution and logistics providers, remains well placed for profitable growth in the year ahead.

The Group intends to further develop and grow its businesses and expects continued profit growth for the year ending 31 March 2015.

For further information contact:

Dart Group PLC

Philip Meeson, Group Chairman and Chief Executive

Tel:              0113 238 7444

Gary Brown, Group Chief Financial Officer

Smith & Williamson Corporate Finance Limited

Nominated Adviser

Andy Pedrette / David Jones

Tel:              020 7131 4000

Canaccord Genuity - Joint Broker

Peter Stewart / Mark Whitmore

Tel:              020 7523 8000

Arden Partners - Joint Broker

Christopher Hardie

Tel:              020 7614 5900

Buchanan - Financial PR

Richard Oldworth

Tel:              020 7466 5000


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

Written by Internal

Posted in

April 08, 2014 at 00:00

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