All Leisure Group PLC Update (4563J)
16 Julio 2013 - 9:18AM
UK Regulatory
TIDMALLG
RNS Number : 4563J
All Leisure Group PLC
16 July 2013
16(th) July 2013
All Leisure group PLC
Update
Following the announcement dated 26 June 2013, All Leisure group
plc (ALLG) now estimates that, subsequent to the full on-board
investigation, the net one-off cost to the company of cancelling
Voyager cruises in May/June will be in the region of GBP1.6m. The
Voyager re-entered service on the 25th June with the assistance of
temporary generators. Work is continuing on schedule to build the
new crankshafts in situ.
Recent trading in the cruise divisions continues to be
challenging and this has been particularly impacted by events in
Egypt. Regrettably it has been necessary to cancel Discover Egypt's
Nile cruise programme following advice from the Foreign Office. On
the assumption that the disruption continues throughout August, the
company expects an additional shortfall of approximately GBP1.5m in
the full year results.
The integration between the cruise division and tour operating
division in Market Harborough has gone well and the Burgess Hill
office was closed on the 31 May 2013. The cost to the company and
the synergies outlined previously remain in line with expectations.
Where previously the company had experienced later bookings,
trading at this early stage of the financial year 2013/14 has
started very well across all brands, with the exception of Discover
Egypt, which has limited forward capacity. Sales for Voyages of
Discovery are up 30%, Swan Hellenic 21%, Hebridean 19%,
Travelsphere 23% and Just You 29%.
The company's interim results for the period to 30 April 2013
will be announced on Tuesday the 30 July 2013.
Enquiries:
All Leisure group PLC
Roger Allard Chairman Telephone: 01858 588396
Ian Smith Chief Operating Officer Telephone: 01858 588396
Chris Gadsby Finance Director Telephone: 01858588216
Broker and Nominated Adviser: Panmure Gordon Limited
Andrew Godber/Adam Pollock Telephone: 0207 886 2500
Financial Public Relations: Citigate Dewe Rogerson
Ginny Pulbrook / Lindsay Noton Telephone: 0207 638 9571
This information is provided by RNS
The company news service from the London Stock Exchange
END
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