easyJet holidays sell side analyst seminar (1448807)
23 Settembre 2022 - 8:58AM
UK Regulatory
easyJet plc (EZJ) easyJet holidays sell side analyst seminar
23-Sep-2022 / 07:57 GMT/BST Dissemination of a Regulatory
Announcement, transmitted by EQS Group. The issuer is solely
responsible for the content of this announcement.
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23 September 2022
easyJet plc
('easyJet')
easyJet holidays sell side analyst seminar
A low-risk, stand out business delivering in its first full year
of trading
-- Fastest growing major holiday company in the UK
-- FY22 easyJet holidays profit before tax expected to be in
excess of GBP35m
-- Targeting +30% customer growth for FY23
-- On track to deliver GBP100m+ PBT in the medium term
Overview
easyJet plc is today holding a seminar for sell side analysts to
discuss the rapid growth of the easyJet holidays business. The
event will be hosted by Garry Wilson, easyJet holidays CEO and
Kenton Jarvis, easyJet's CFO.
easyJet operates Europe's best leisure network which millions of
customers already fly on when taking their holiday. easyJet
holidays is capitalising on this opportunity to generate strong and
growing returns while also taking market share from tour operators
through its uniquely positioned business model which has a c.95%
variable cost base.
The easyJet holidays business expects to make in excess of GBP35
million profit before tax in this financial year serving 1.1
million customers and is targeting +30% growth in customers for
FY23. This is the first step towards the strategic goal of GBP100+
million profit before tax in the medium term.
The presentation used in today's seminar will be made available
on the Group's corporate website (https:// corporate.easyjet.com/)
later today.
Johan Lundgren, CEO of easyJet, said:
"easyJet holidays was created to meet the demand from our
customers for package holidays to destinations they know and love
in our network. It has become the fastest growing holiday company
in the UK and our unique business model is delivering with easyJet
holidays well on track to achieve our GBP100m+ profit target in the
medium term."
For further details please contact easyJet plc:
Institutional investors and analysts:
Michael Barker Investor Relations +44 (0) 7985 890 939
Adrian Talbot Investor Relations +44 (0) 7971 592 373
Media:
Anna Knowles Corporate Communications +44 (0) 7985 873 313
Edward Simpkins FGS Global +44 (0) 7947 740 551 / (0) 207 251
3801
Dorothy Burwell FGS Global +44 (0) 7733 294 930 / (0) 207 251
3801
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ISIN: GB00B7KR2P84
Category Code: MSCM
TIDM: EZJ
LEI Code: 2138001S47XKWIB7TH90
Sequence No.: 0
EQS News ID: 1448807
End of Announcement EQS News Service
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(END) Dow Jones Newswires
September 23, 2022 02:58 ET (06:58 GMT)
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