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Barrhead revenues top record £300m during 2017

News
Tom Parry
28 September 2018

Barrhead Travel has seen its revenues top £300 million for the first time thanks to a “surge” in river cruise sales and an increase in customers visiting its stores.

February

The Scottish agency chain reported 7.4% year-on-year growth in revenue during 2017, revealing bookings for 2018 had also risen 8% year-on-year.

Although profits fell by £500,000 last year as Barrhead expanded with new branches in Belfast and Leicester.

Earnings before interest, tax, depreciation and amortisation (Ebitda) were down to £2.7 million but gross profits increased by 5.4% to £33.4 million over 2016.

Barrhead has opened new stores in Southampton and Port Glasgow during 2018 with another location in Fort Kinnaird set to open its doors in October.