18th April 2012
RNS Number : 5383B
Dart Group PLC
18 April 2012
Dart Group PLC ("the Group")
Dart Group PLC, the Leisure Airline, Package Holidays and Distribution & Logistics Group, provides the following update on current trading.
The Group believes that pre-tax profitability for the year ended 31 March 2012 will be in line with current market expectations. Cash flow generation from operations remains strong and, during the period, the Group has continued to invest in further growth, particularly in its aircraft fleet.
Looking forward to the year ending 31 March 2013, overall forward booking levels for Jet2.com the Group's Leisure Airline remain in line with its planned 10% capacity growth for Summer 2012, and the Group continues to see strong growth in Jet2holidays. Business volumes are also satisfactory at Fowler Welch-Coolchain, one of the UK's leading logistics providers, albeit margins remain under pressure.
The Group continues to develop and grow its business base across its operations, although in the current challenging trading environment, limited profit growth is expected in the current financial year.
18 April 2012
For further information contact:
Group Chairman and Chief Executive
Group Finance Director
0113 238 7444
Andy Pedrette / Siobhan Sergeant
Smith & Williamson Corporate Finance Limited
020 7131 4000
This information is provided by RNS
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