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On the Beach booms despite hot UK summer

News
Gary Noakes
28 November 2018

On the Beach Group has hailed a “market-leading performance” for the year to the end of September after a jump in pre-tax profits.

On the Beach.jpg

Adjusted group profit before tax rose 17.9% to £33.6 million on turnover of £104.1 million (up 24.5%).

On the Beach now claims a market share of more than 20% of online sales in the short-haul sector.

Simon Cooper, On the Beach Group chief executive said: “"I am pleased with the Group’s performance, having delivered a 17.9% increase in Group adjusted profit before tax, in line with market expectations and a further improvement in the market-leading performance for core EBITDA as a percentage of revenue at 42.4%.”