Trading Update, etc.

Holidaybreak PLC 20 September 2000 Holidaybreak plc Trading Update Holidaybreak plc, the UK's leading provider of specialist holidays, is pleased to issue the following trading update. In the absence of unforeseen circumstances, we anticipate a final profit figure in excess of £20m, before tax and goodwill amortisation, and earnings per share of at least 33p, both figures in line with market expectations. Our Hotel Breaks business has performed extremely strongly, Camping will achieve a creditable result despite difficult market conditions and our recent acquisition Explore Worldwide has also progressed well. Camping As we anticipated, later bookings in our Camping businesses have come through strongly. In common with most overseas tour operators we had encountered difficult market conditions in the early booking season but now expect to achieve a satisfactory result and growth on the 1999 figure. Keycamp, with its higher proportion of mobile-homes, has led the way in the UK with further market share gains whilst the highlight for Eurocamp has been a strong performance in the German market. Bookings for 2001 are now starting to come in although it is too early for meaningful patterns to be established. Hotel Breaks Hotel Breaks has had an excellent year with strong year on year growth figures throughout. All sectors of the business have performed well but the success of our on-line Internet booking facility at www.superbreak.com has been particularly pleasing. In recent weeks, we have redesigned the site and upgraded functionality. In July, we acquired Hotelnet, a well established UK Internet booking portal which we aim to develop into one of Europe's leading on-line booking sites. With lead times in the short-break sector being generally short, only a small proportion of bookings for 2000/1 have been received to date. However, we are pleased to report that the positive booking trends which we experienced throughout the 1999/2000 season currently look set to continue. Adventure Holidays In February 2000, in a £30m deal, we acquired Explore Worldwide, the market leading adventure holidays specialist. The integration of Explore into the Group has gone well and trading has been at the upper end of expectations over the summer months with good levels of growth on 1999. Winter season bookings have come in strongly to date. At the beginning of August, we acquired Regal Holidays, the highly regarded diving holiday specialist. Regal has joined Explore Worldwide as part of our Adventure Holidays division. Preliminary Results Announcement The date of our Preliminary Results announcement for the year to 30th September 2000 has been fixed for Monday 4th December. Future Prospects The acquisition of Explore Worldwide, Regal Holidays and Hotelnet has added three exciting businesses to our portfolio, opening up opportunities in rapidly growing markets, and given the Group a better balance. The continued progress made in 2000, despite difficult market conditions, renews our confidence that Holidaybreak will continue to grow and prosper. Enquiries: Richard Atkinson, Chief Executive Bob Baddeley, Finance Director Holidaybreak plc Telephone: 01606 787 100 Lesley Allan Hudson Sandler Limited Telephone: 020 7796 4133
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