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Audley Travel 'positive' despite profit drop

City and finance
Gary Noakes
14 September 2018

Currency movements hit profits at long-haul specialist Audley Travel Group last year.

Nick Longman Distribution & Online.jpg

The mainly direct-sell brand, which has appointed former Tui UK and Ireland boss Nick Longman its new leader, recorded a pre-tax profit of £18.1 million in the calendar year 2017.


This compared with an adjusted figure of £22 million profit in 2016. Revenue last year rose £20 million to £193.4 million.


The operator said: “The reduction in profit for the year was as a result of an increase in finance costs driven by the timing of gains and losses on forward foreign exchange contracts.”