Thomas Cook Group reports EBIT of GBP1m in 3QFY2013
Thomas Cook Group revenue up 5% - financial highlights for three months ended 30-Jun-2013:
- Revenue: GBP2354 million, +4.9% year-on-year;
- Underlying EBIT: GBP1 million, compared to a loss of GBP23 million in p-c-p;
- Profit (loss) before tax: (GBP79 million), compared to a loss of GBP84 million in p-c-p;
- Net debt: GBP452 million. [more - original PR]
Thomas Cook Group: “Overall, the Board is confident of a satisfactory result for the full year. Current bookings match our expectations and, as we continue to focus on managing capacity with demand, we are optimistic that we will maintain satisfactory prices and margins during the remainder of the summer season. We do, however, recognise that the “lates” market last year was particularly strong due to inclement weather throughout much of Europe, which has not been replicated this year.” Source: Company statement, 01-Aug-2013.