Trading Statement

HOLIDAYBREAK PLC 17 September 1999 HOLIDAYBREAK PLC - TRADING UPDATE As the summer holiday season and our financial year draw to a close we take the opportunity to provide an update on the trading performance of the businesses which make up the Holidaybreak group. The overall picture confirms expectations given at the beginning of June, when we announced our first half results. In the absence of unforeseen circumstances, we anticipate a final pre-tax profit figure in excess of £17million, in line with market expectations and an increase of over 20% on the 1998 figure. Our enlarged camping businesses have had a very good year. Favourable camp- site occupancy rates and strong sales values throughout have ensured that an excellent overall result will be achieved. Our performance this year has benefited from a substantial contribution from Keycamp Holidays, which we acquired just over twelve months ago. Integration into our Camping Division operations has worked extremely well with significant synergy benefits realised. The dynamics of the overseas self-drive camping sector are very different to the mainstream air inclusive holiday market. Customers, mainly families, book much earlier and there is no commitment to fixed transportation costs. We have therefore been entirely unaffected by the well-publicised difficulties experienced by some of the major package operators. Importantly for next year's prospects, satisfaction levels recorded in our customers' post-holiday questionnaires have again been high and most enjoyed very good weather. Superbreak has, as expected, continued to make a strong recovery since the half-year. Throughout the summer we have consistently outperformed 1998 equivalent sales figures. As anticipated, the overall result will be close to last year's, despite the first half shortfall. The recent positive booking trends have ensured a buoyant start to 1999/2000. The date of our Preliminary Results announcement for the year to 30th September 1999 has been fixed for Monday 6th December. Enquiries: Richard Atkinson, Chief Executive Bob Baddeley, Finance Director Holidaybreak plc Telephone: 01606 787000 Michael Sandler Hudson Sandler Limited Telephone: 0171 796 4133
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