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Trading Statement 13 March 2015

Posted in Announcements

March 16, 2015 at 09:27

Dart Group PLC ("the Group")
Trading Statement 13 March 2015

Dart Group PLC, the Leisure Travel and Distribution & Logistics group, is pleased to give the following update on trading.

The Board believes that Group underlying operating profit* for the year ending 31 March 2015 will be ahead of current market expectations and broadly in line with last year (2014: £49.2m), as a result of lower than anticipated winter losses.

Looking ahead to the year ending 31 March 2016, forward bookings in the Leisure Travel business for summer 2015 are encouraging, with over 50% of the season having already been sold, which is ahead of where we were at this stage last year.

The Distribution & Logistics business, Fowler Welch, continues to focus on growing its revenue pipeline and developing existing and new business opportunities.

The Group intends to further develop and grow its businesses and expects further progress in the year ending 31 March 2016.

*Underlying operating profit references are stated after excluding exceptional provisions of £17m made in relation to EU Regulation 261.

For further information contact:

Dart Group PLC
Philip Meeson, Group Chairman and Chief Executive
Gary Brown, Group Chief Financial Officer
Tel: 0113 238 7444

Smith & Williamson Corporate Finance Limited
Nominated Adviser

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