Business
Results for the year ended 30
Results for the year ended 30.
About this update from Harbour Energy Plc
[{"type":"text","content":"\n RNS Number : 0407J Holidaybreak PLC 27 November 2008 \n \n27 November 2008: For immediate release\n\n\nHOLIDAYBREAK\n\nResults for the year ended 30 September 2008\n\nHolidaybreak, the education, leisure and activity travel group, today announces its full year results for the year ended 30 September 2008.\n\nFinancial highlights\n\n\n\n\n\n\n\n\n\n2008\n£m\n\n\n2007\n£m\n\n\n\n\nGroup revenue\n\n\n455.1\n\n\n357.9\n\n\n\n\nHeadline profit before tax*\n\n\n32.4\n\n\n40.0\n\n\n\n\nStatutory profit before tax\n\n\n23.4\n\n\n37.5\n\n\n\n\nHeadline basic EPS* \n\n\n52.9 pence\n\n\n59.4 pence\n\n\n\n\nStatutory basic EPS\n\n\n37.1 pence\n\n\n54.5 pence\n\n\n\n\nNet debt\n\n\n161.3\n\n\n146.5\n\n\n\n\nDividend per share\n\n\n16.05 pence\n\n\n32.10 pence\n\n\n\n\n* Headline profits and earnings per share are stated before amortisation of acquired intangible assets of £4.2m (2007: £2.5m), exceptional restructuring costs of £2.3m (2007: £nil) and impairment of goodwill of £2.5m (2007: £nil) and the tax effect thereof £1.4m (2007: £0.1m). \n\nSummary\n\n\nHolidaybreak's businesses are market leaders in their specialist sectors. Their diversity gives trading resilience in the current difficult economic environment. \n\n\nEducation's revenue was £109.5m (2007: £26.1m). Revenue in 2007 related only to three months of trading following the acquisition of PGL. Headline** operating profit was £10.9m (2007: £8.5m). For 2008/09, the division is 78% booked and showing a growth in sales of 8%. \n\n\nHotel Breaks' revenue was £149.9m (2007: £139.0m) and headline** operating profit was £15.5m (2007: £17.0m). Sales intake slowed markedly after May 2008 at Superbreak. For 2008/09, sales intake for the division is currently down approximately 15% reflecting weaker demand into London, in particular, and for short breaks generally. \n\n\n Adventure Travel's revenue was £94.6m (2007: £90.0m) and headline** operating profit was £4.8m (2007: £6.6m). Margins have been adversely affected by geopolitical events and fuel c...