On The Beach cautious ahead of Brexit, but confident longer term

Writer, Stock Market Wire
Thursday, February 7, 2019 - 09:50

Online beach holiday retailer On The Beach said it had performed well in the first four months of its financial year, but remained "cautious" of the consumer environment in the run-up to 29 March, when the UK is set to leave the EU.

However, despite the short-term caution, Chief Executive Simon Cooper said the board remained confident in the Group's outlook.

"Our strategy of investing in our brands, talent and technology to drive growth has delivered performance in line with the Board's expectations, with both new and repeat customers attracted to our wide range of value for money beach holidays," said Cooper.

Core revenue climbed 20%, after marketing costs, over the four months to 31 January 2019.

At 9:50am: (LON:OTB) On The Beach Group Plc share price was +9.75p at 449.75p


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