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Trading statements

On the Beach Group on track to achieve profitability

27 July 2016 07:46

On the Beach Group said it remains on track to achieve profitability for the year in line with directors' expectations and despite a number of negative external factors.

"The flexibility of the business model has enabled the management team to focus successfully on profitable growth," it said in a statement.

Since the group's interim results in May, there have been a number of external events affecting consumer confidence and the travel industry, these including:

· further acts of terrorism in both Turkey and the south of France, affecting bookings and demand throughout the Mediterranean;

· The Lowcosttravelgroup entering administration and associated disruption since that point; and

· macroeconomic uncertainty and weakening of sterling against major currencies following the EU Referendum.

Story provided by StockMarketWire.com

Related Company: OTB

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