On the Beach Group has reported an increase in year-to-date total transaction value (TTV) and predicts adjusted pretax profit for fiscal 2024 to be in line with market expectations.
According to the UK-based online holiday retailer, the TTV of holidays sold up to and including January 24th, before cancellations and amendments, was 27% higher than the same period last year.
Furthermore, the company stated that winter 2023’s TTV was 34% higher than the previous year, and based on current trends, they are confident that summer 2024 will see a significant increase compared to the year before.
On the subject of profits, On the Beach Group expects adjusted pretax profit to align with market views for the current fiscal year. The consensus estimate for the year ending in September is £30 million ($38.1 million).
“The group has embraced competitive pricing and prioritized volume growth to gain market share in a thriving industry. The positive momentum we witnessed last year has carried over into the new financial year, with substantial TTV growth in both our core and expansion areas,” the company commented.
