Dart Group PLC Trading Statement and Notice of Results (3728P)
October 24 2012 - 2:00AM
UK Regulatory
TIDMDTG
RNS Number : 3728P
Dart Group PLC
24 October 2012
24 October 2012
Dart Group PLC ("the Group")
Trading Statement and Notice of Results
Dart Group PLC, the Leisure Airline, Package Holidays, and
Distribution & Logistics Group, updates the market on trading
for the first half of the financial year ending 31 March 2013 in
Jet2.com, the North's leading leisure airline, Jet2holidays, the
ATOL protected package holiday operator, and Fowler Welch, one of
the UK's leading logistics providers.
Jet2.com has had a strong summer due to volumes underpinned by
the continued successful growth of Jet2holidays and helped by the
particularly poor British summer weather. Jet2.com flew 3.6m
passengers in the six months to September 2012, an increase of 14%
over the same period last year, with increases in both yields and
load factors.
Jet2holidays, our ATOL protected holiday operation, has also had
a successful summer, having taken 312,000 passengers on holiday
during the first six months of the year, an increase of 97% over
the same period last year (2011: 158,000). This significant growth
has been achieved through further improvements to the Jet2holidays
product range, and development of its online and high street
distribution channels.
Our distribution business, Fowler Welch, which specialises in
the distribution of temperature-controlled and ambient products to
retailers, importers and manufacturers throughout the United
Kingdom, has continued to deliver leading customer service. The
business is trading in line with expectations in a sector that
continues to experience tight margins.
As previously noted, our leisure travel operations are becoming
increasingly seasonal as we continue to grow the business. This,
coupled with strong summer trading, will result in the Group's
profit before taxation for the first half of the year being ahead
of the same period in the previous year, with increased losses
expected in the second half.
Notwithstanding the current economic climate, the Board expects
to exceed current market expectations for the year ending 31 March
2013.
The Group intends to announce its interim results on 22 November
2012.
Enquiries:
0113 238
Dart Group PLC Tel: 7444
Philip Meeson
Group Chairman and Chief Executive Mobile: 07785 258666
Andrew Merrick
Group Finance Director Mobile: 07788 565358
Andy Pedrette / Siobhan Sergeant
Smith & Williamson Corporate 020 7131
Finance Limited Tel: 4000
ENDS
This information is provided by RNS
The company news service from the London Stock Exchange
END
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