Dart Group forecasts profits 'slightly' ahead of expectations
By Iain Gilbert
Date: Wednesday 17 Apr 2019
(Sharecast News) - Aviation and distribution outfit Dart Group said it expected full-year pre-tax profits to be slightly ahead of market expectations.
The company told investors on Wednesday that due to the uncertain UK economic outlook due to Brexit, it was unclear as to how demand would develop in the medium-term.
The AIM-listed group noted that, while positive, it was now seeing Summer 2019 forward bookings in its leisure travel business reflect some consumer uncertainty - leading it to make pricing for both its flight-only and package holiday products "more competitive".
However, with a considerable way to go in the leisure travel booking cycle, Dart remained optimistic it can meet current market profit expectations for the year ending 31 March 2020.
Elsewhere, Dart said its distribution and logistics business, Fowler Welch, continued to focus on growing its revenue pipeline and developing existing and new business opportunities.
As of 0915 BST, Dart Group shares had moved ahead 0.91% to 887p.
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