8 Apr 2014 07:00
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 Jet2.com, 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 |