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Holiday firm hits sales targets
Jul 24 2008 by Alex Turner, Liverpool Daily Post
HOLIDAY firm Holiday- break is in a robust position to weather the credit crunch, the Cheshire-based com- pany said yesterday.
In an interim management statement to the stock market, the campsite firm said it “continues to perform well in what is a more difficult trading environment”.
The group said it has achieved 93% of its target sales with two months of the financial year still to go and all of its four divisions – education, camping, adventure and hotels – are showing growth.
Carl Michel, Holidaybreak’s chief executive, expressed his satisfaction at the sales, which are 4% higher than last year.
He said: “The current financial year is broadly in line with our expectations.”
The firm has completed the refinancing of its borrowing facilities which it believes will provide the flexibility to grow.
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