Business
Final Results for the year en
Final Results for the year en.
About this update from Harbour Energy Plc
[{"type":"text","content":"\n RNS Number : 1796D Holidaybreak PLC 27 November 2009 \n \n27 November 2009: For immediate release\n\n\nHOLIDAYBREAK\n\nFinal Results for the year ended 30 September 2009\n\nHolidaybreak, the education, leisure and activity travel group, today announces its final full year results for the year ended 30 September 2009.\n\nFinancial highlights\n\n\n\n\n\n\n\n\n\n2009\n£m\n\n\n2008\n£m\n\n\n\n\nGroup revenue\n\n\n473.4\n\n\n455.1\n\n\n\n\nHeadline profit before tax¹\n\n\n28.4\n\n\n32.6\n\n\n\n\nStatutory profit before tax\n\n\n5.4\n\n\n23.4\n\n\n\n\nHeadline basic EPS¹,² \n\n\n37.0 pence\n\n\n44.7 pence\n\n\n\n\nStatutory basic EPS²\n\n\n4.7 pence\n\n\n31.3 pence\n\n\n\n\nNet debt\n\n\n138.1\n\n\n161.3\n\n\n\n\nDividend per share³\n\n\n11.80 pence\n\n\n13.53 pence\n\n\n\n\n\n¹ Headline profit before tax and earnings per share are stated before amortisation of acquired intangible assets of £3.5m (2008: £4.2m), exceptional restructuring costs of £1.6m (2008: £2.3m), impairment of goodwill of £9.6m (2008: £2.5m), IAS 39 mark-to-market revaluations of financial derivatives of £8.3m (2008: £0.2m) and the tax effect thereof of £3.6m (2008: £1.6m). \n² 2008 EPS is restated for the Rights Issue\n³ 2009 interim and 2008 interim and final year dividends restated for the Rights Issue\n\n\nJohn Coleman, Executive Chairman, said: \n\"I am pleased to say that the Group has demonstrated a resilient performance in a difficult economic environment. The Education Division is not materially affected by the recession as parents continue to prioritise expenditure on their child's school trip. Camping is well positioned, offering flexible family holidays across a wide choice of destinations and representing value for money. While Adventure has seen a more challenging period, both it and Hotel Breaks are well placed to benefit from any upturn in general economic conditions.\nDespite the current economic environment, we are encouraged by recent trading patterns. We have strong brands with market leading positions across different travel segments operating...