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On the Beach returns to profit

Financial results
Jennifer Morris
6 December 2016

On the Beach Group has put a 776% pre-tax profit leap down to the “strength and flexibility” of its “agile business model” in tough trading conditions. 

On the Beach Simon Cooper

In its preliminary results for the year ended September 30, the firm, which saw a £2.5 million loss in 2015, reported a 110% year-on-year increase in group operating profit to £16.8 million and a 776% increase in group profit before tax to £16.9 million.

Group operating profit before amortisation and exceptional costs increased 30.3% to £22.8 million.

For the UK specifically, UK operating profit increased 87.1% to £18.9 million and daily unique visitors increased by 12.6% to 61.3 million.

Directly contracted hotel product increased to 57%.