9 Sep 2009 13:18
Dart Group PLC ("the Company")
AGM Statement
Dart Group PLC is pleased to announce that all of the ordinary and special resolutions proposed at today's Annual General Meeting were approved.
Commenting on current trading, Philip Meeson, Chairman and Chief Executive, said "The Board is encouraged by the Group's trading performance in difficult trading conditions. Fowler Welch-Coolchain, our Distribution business, has been trading ahead of last year with both revenue growth and sustained operating margins. We are also pleased to confirm the acquisition of Bawdsey Haulage Ltd, a distributor of container traffic from the Port of Felixstowe, which enhances Fowler Welch-Coolchain's offering as a comprehensive logistics provider, with its ability to deliver a producer/port of entry to customer service capability.
In Aviation, whilst scheduled load factors have continued to be in line with last year, trading performance has been impacted by lower yields in the current market environment coupled with increased costs from a weaker pound. Jet2.com continues to expand its leisure focused flying activity, with the creation of a new base at East Midlands and the expansion of its Manchester and Newcastle operations.
Overall, we continue to trade in line with market expectations."
For further information please contact:
| Philip Meeson Chairman and Chief Executive | Tel no. 0113 238 7444 Mobile no. 07785 258666 |
| Andrew Merrick Group Finance Director | Tel no. 0113 238 7444 Mobile no. 07788 565358 |
| Andy Pedrette/Siobhan Sergeant Smith & Williamson Corporate Finance Limited | Tel no. 020 7131 4000 |
9 September 2009