Over-50s specialist Saga expects annual financial results to meet market expectations.

The travel and services company issued a trading statement this morning covering the period between August 1 and January 11.

Saga’s travel business achieved increased passenger numbers in the period although details were not given.

As previously reported, the company signed a final contract in the period with the Meyer Werft shipyard in Germany contract for the delivery of a new cruise ship in 2019, with an option for a second in 2021.

Chief executive, Lance Batchelor, said:
 “In the second half of the year we have continued to deliver on our strategy and are progressing well across all our key initiatives.

“Our core businesses are growing, the motor insurance panel is developing well, we have signed the contract to build our new ship and we have launched into the wealth management market.

“Whilst doing all of this we have remained focused on our financial performance and current trading means that we expect to deliver results in line with market expectations for the full year.”

Saga is due to announce its preliminary results for the year ending January 31 on April 19.