Jet2.com Jet2holidays Jet2.com Jet2.com Fowler Welch Fowler Welch Fowler Welch Jet2holidays

Company Announcements

Trading Statement 18 April 2012

18th April 2012

RNS Number : 5383B
Dart Group PLC
18 April 2012
 



Dart Group PLC ("the Group")

 

Trading update

 

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:

 

 

Philip Meeson

Group Chairman and Chief Executive          

 

 

Mobile:

 

 

07785 258666

 

Andrew Merrick

Group Finance Director         

 

Tel:

Mobile:           

 

0113 238 7444

07788 565358

 

Andy Pedrette / Siobhan Sergeant

Smith & Williamson Corporate Finance Limited

 

 

Tel:

 

 

020 7131 4000

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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Written by Internal

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April 18, 2012 at 00:00

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