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Pin to quick pickseasyJet Share News (EZJ)

Share Price Information for easyJet (EZJ)

London Stock Exchange
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Share Price: 538.20
Bid: 539.00
Ask: 539.40
Change: 5.20 (0.98%)
Spread: 0.40 (0.074%)
Open: 539.60
High: 543.60
Low: 538.20
Prev. Close: 533.00
EZJ Live PriceLast checked at -

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EasyJet profit soars 18% as passenger numbers grow

Tue, 17th Nov 2015 07:05

(ShareCast News) - EasyJet posted an 18% rise in full year pre-tax profit as revenue and passenger numbers grew, and expressed confidence over the long-term outlook for the business.For the year to the end of September, pre-tax profit came in at £686m from £581m, on revenue of £4.69bn, up 3.5% from 2014 and only slightly short of consensus. The profit figures were in line with the company's updated guidance of £675m to £700m.Earnings per share increased 21.5% to 139.1p, beating consensus forecasts of 137p.Passengers increased by 6% to 68.6m, with a record load factor in August of 94.4% and an annual load factor of 91.5%, up 0.9 percentage points.Total revenue per seat fell by 1.3% to £62.48, although it was up 1.5% at constant currency to £64.28.The low-cost carrier said it will pay a dividend of 55.2p per share, up 21.6% from last year.Chief executive Carolyn McCall said: "Our outlook for the longer term is positive. We expect demand in our markets to be sustained and for easyJet to continue to be a winner in its markets."We will see passenger growth of 7% a year, sustaining margins through rigorous cost control and the benefit of fleet up-gauging, resulting in positive profit momentum.Shares in EasyJet were down 2.9% to 1,730.85p at 1020 GMT, with analysts pointing out that profit was closer to the lower end of guidance.Atif Latif, director of trading at Guardian Stockbrokers, noted a degree of disappointment as some investors had been hoping for a special dividend to be announced.Meanwhile, SpreadCo market analyst David Morrison said the selloff has much to do with Monday's price action."Traders wanted to take the stock lower after the Paris attacks but held back because of today's earnings release. Now that's out of the way the stock can trade freely and there are fears of a price war hotting up. Ironically for EasyJet, it seems it's better to travel than arrive," he said.
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UK earnings, trading statements calendar - next 7 days

Wednesday 22 November 
Bodycote PLCTrading Statement
Breedon Group PLCTrading Statement
Britvic PLCFull Year Results
Coats Group PLCTrading Statement
Grainger PLCFull Year Results
Helical PLCHalf Year Results
HICL Infrastructure PLCHalf Year Results
Johnson Matthey PLCHalf Year Results
Kingfisher PLCQ3 Results
Molten Ventures PLCHalf Year Results
NextEnergy Solar Fund LtdHalf Year Results
Redcentric PLCHalf Year Results
Rotork PLCTrading Statement
Sage Group PLCFull Year Results
Severn Trent PLCHalf Year Results
Shearwater Group PLCHalf Year Results
Speedy Hire PLCHalf Year Results
Ten Lifestyle Group PLCFull Year Results
Tremor International LtdQ3 Results
TT Electronics PLCTrading Statement
Victorian Plumbing Group PLCFull Year Results
Thursday 23 November 
Alpha Financial Markets Consulting PLCHalf Year Results
First Property Group PLCHalf Year Results
FirstGroup PLCHalf Year Results
Intertek Group PLCTrading Statement
Jet2 PLCHalf Year Results
LondonMetric Property PLCHalf Year Results
Mitie Group PLCHalf Year Results
Motorpoint Group PLCHalf Year Results
NewRiver REIT PLCHalf Year Results
PayPoint PLCHalf Year Results
Princess Private Equity Holding LtdQ3 Results
Virgin Money UK PLCFull Year Results
Volex PLCHalf Year Results
XPS Pensions Group PLCHalf Year Results
Friday 24 November 
no events scheduled 
Monday 27 November 
Celebrus Technologies PLCHalf Year Results
DSW Capital PLCHalf Year Results
JLEN Environmental Assets Group LtdHalf Year Results
Northern Bear PLCHalf Year Results
Rightmove PLCTrading Statement
Serinus Energy PLCQ3 Results
SysGroup PLCHalf Year Results
Tuesday 28 November 
Altitude Group PLCHalf Year Results
Augmentum FintechHalf Year Results
Brickability Group PLCHalf Year Results
DP Eurasia NVTrading Statement
easyJet PLCFull Year Results
Focusrite PLCFull Year Results
Greencore Group PLCFull Year Results
IG Design Group PLCHalf Year Results
Kinovo PLCHalf Year Results
Loungers PLCHalf Year Results
Mercia Asset Management PLCHalf Year Results
Pets At Home Group PLCHalf Year Results
Renew Holdings PLCFull Year Results
Safestore Holdings PLCTrading Statement
Supreme PLCHalf Year Results
Topps Tiles PLCFull Year Results
Treatt PLCFull Year Results
Vp PLCHalf Year Results
Watkin Jones PLCHalf Year Results
  
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