Holidaybreak has announced a £41.3 million operating profit after generating group revenues of £357.9 million for the year ending September 30.
Group chief executive Carl Michel said much of the growth was driven by strong sales in the group’s hotel breaks, adventure travel and camping divisions.
While the group, which owns Superbreak Mini-Holidays and Explorer, has made two key acquisitions this year with the purchase of PGL and NST, Michel said: “the group is well positioned to exploit further market opportunities and continues to seek acquisition opportunities.”
He added: “Holidaybreak’s results for 2007 only tell part of the story. The group has been expanded while retaining its specialist focus.
“Our new brands, PGL and NST, like those they have joined in the group, add value for their customers and are market leaders, clearly differentiated from their competitors. Meanwhile, group trading has been robust and margins continue to outstrip others in the industry.”
“Trading and financial prospects for the current financial year are in line with our expectations. We will continue to invest in our businesses in 2008 and review possible acquisitions which meet our stringent financial criteria and will fit within our existing portfolio.”
The group’s hotel breaks division saw a 13% growth in sales thanks to a resurgent market and a number of well-performing shows in London including Joseph, Dirty Dancing and The Sound of Music.
Adventure sales were 18% up with a reported recovery in trading in the Middle East while the camping division produced strong margins, despite sales being 3% down following a 4% capacity reduction.
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