In its first quarter results for the three months ended December 31, Cook reported an increase in group revenue of £14 million (or 1%) to £1,618 million, due to growth in sales of holidays to Spain, Greece and long haul-destinations, “together with new seat-only routes, mitigating the impact of reduced sales to Turkey and Egypt”.
Gross profit of £357 million was £4 million higher than last year, while gross margin of 22.1% represented an improvement of 10 basis points over the same period last year, “reflecting an increased focus on own-brand and selected partner hotels”.
