6 Sep 2018 07:00
6 September 2018
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 positive start to the financial year as reported in our Preliminary Results Statement of 12 July 2018 has continued, with Leisure Travel bookings growing slightly ahead of our 25% summer 2018 seat capacity increase and winter bookings satisfactory at this stage. Demand for both our flight-only offering and our higher margin package holiday product remains strong and package holiday customer numbers as a proportion of total departing customers have increased slightly for summer 2018.
Progress continues to be made at Fowler Welch, our Distribution & Logistics business, which is currently trading in line with management's expectations.
Overall the Board expects the Group to meet the recently upgraded market expectations of profit before foreign exchange revaluations and taxation for the year ending 31 March 2019 and will provide a further trading update on publication of its interim results on 15 November 2018."
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 |
Buchanan - Financial PR Richard Oldworth | Tel: 020 7466 5000 |