Dart Group PLC (DTG) - Trading Statement and Notice of Results
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.
Dart Group PLC Tel: 0113 238 7444
Philip Meeson Mobile: 07785 258666
Group Chairman and Chief Executive
Andrew Merrick Mobile: 07788 565358
Group Finance Director
Andy Pedrette / Siobhan Sergeant Tel: 020 7131 4000
Smith & Williamson Corporate Finance Limited
This information is provided by RNS
The company news service from the London Stock Exchange
MSCFEDFWDFESELS -0- Oct/24/2012 06:00 GMT
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