On the beach trading update12 Mar 2026 07:19
A super commercial performance by OTB. Huge growth again up to the start of the war.
Then this.
"Current trading from 1 March 2026
Whilst the Group has limited exposure to destinations in the Middle East, it has experienced a significant slowdown in demand following the onset of conflict in the region, particularly to destinations such as Turkey, Greece, Cyprus and Egypt. The timing of when the conflict will end and the shape of recovery in demand to these destinations are unknown. Both will impact Group profitability and as a result the Group is temporarily suspending its guidance of £39m to £43m Adj. PBT for the full year.
Despite the volatile environment, the Company continues to trade profitably and generate cash because of its asset light model with significantly lower fixed costs, commitments and exposure to increases in variable costs versus the asset heavy tour operators. The Board remains confident in the delivery of the Group's medium-term ambition of £2.5bn TTV, £100m EBITDA, £85m PBT and 38.7p EPS"
The timing is fortunate in some ways because the bulk of the winter bookings are done . Like Jet2 they had reported good demand from the region for winter.
Summer 26 is producing a rush for western Europe with Spain and Portugal both experiencing stronger demand than usual. Easter is looming and Egypt is a strong favourite.
I don't think this will end any time soon. Trump is well out of his depth and is surrounded by people with no experience or ability. He'll just continue to bomb harder achieving nothing in my opinion.