Cook has reported a first quarter revenue growth of 7% to £1.75 billion, along with a £10 million improvement in the seasonal underlying operating loss.
Gross profit of £376 million was £16 million higher than last year, while gross margin of 21.5% represents a decline of 50 basis points over the same period last year, “due to higher Spanish hotel bed cost inflation”, and a lower mix of long haul sales in the quarter.
Peter Fankhauser, chief executive, said: “While it remains early in our sales cycle, we’ve got the year off to a good start.
