Dart Group (DTG)

Dart Group 2018 final results

Profit before taxation reduced by 14% to £90.1m (2016: £104.2m). This result includes considerable investment to launch our two new Jet2.com operating bases at Birmingham and London Stansted Airports and also includes a £10.9m charge for foreign exchange revaluation losses (2016: £1.3m). Before accounting for these revaluation losses, underlying profit before taxation reduced by 4% to £101.0m (2016: £105.5m).  In consideration of these results, the Board is recommending a final dividend of 3.897p (2016: 3.100p), bringing the proposed total dividend to 5.272p per share for the year ended 31 March 2017 (2016: 4.000p).

A strong summer season saw Group revenue increase 21% to £1,240.8m (2015: £1,024.0m) whilst Group operating profit, which was underpinned by continued growth in our Leisure Travel business, increased 14% to £167.5m (2015: £147.1m). * Profit before tax grew 12% to £163.7m (2015: £146.8m). The Group's Interim dividend per share will increase by 53% to 1.375p (2015: 0.900p).  Leisure Travel revenue growth of 22% to £1,160.8m (2015: £951.7m) reflects a 36% increase in the number of Jet2holidays package holiday customers to 1.28m (2015: 0.94m), representing 50% of overall flown customers (2015: 42%).  Jet2.com also flew 2.51m flight-only passenger sectors (2015: 2.65m) during the period.   * Though airline ticket yields and average load factors were slightly lower than those achieved in last year's summer season, this is against a backdrop of a 13% increase in seat capacity.

Dart Group PLC, the Leisure Travel and Distribution & Logistics Group ("the Group"), announces its unaudited interim results for the half year ended 30 September 2015. These results are presented under International Financial Reporting Standards ("IFRS").