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On The Beach Group PLC (OTB.L)

OTB.L on London Stock Exchange

400.00GBp
27 Nov 2020
Change (% chg)

3.00 (+0.76%)
Prev Close
397.00
Open
387.50
Day's High
400.00
Day's Low
383.00
Volume
341,179
Avg. Vol
311,179
52-wk High
500.00
52-wk Low
112.60

Latest Key Developments (Source: Significant Developments)

On The Beach Group Says Cancellation Rates In Excess Of 90% Across Summer 2020
Monday, 9 Nov 2020 

Nov 9 (Reuters) - On The Beach Group PLC ::ON THE BEACH GROUP - FULL YEAR TRADING UPDATE AND NOTICE OF RESULTS.ON THE BEACH GROUP PLC - FURTHER EXCEPTIONAL COSTS OF £10M IN H2 WHICH GROUP NOW EXPECTS TO BE £45M FOR FULL YEAR.ON THE BEACH GROUP PLC - SUBSEQUENT IMPACT ON CONSUMER CONFIDENCE HAS LED TO SIGNIFICANT REDUCTIONS IN SEAT CAPACITY OVER WINTER.ON THE BEACH GROUP PLC - EXPERIENCED A VARIED TRADING PERFORMANCE THROUGH Q3 AND Q4 WITH BOOKING VOLUMES DOWN 75% AND 53% RESPECTIVELY YOY.ON THE BEACH GROUP PLC - ADJUSTED PROFIT BEFORE TAX FOR YEAR (WHICH EXCLUDES EXCEPTIONAL COSTS AND BRAND AMORTISATION) IS AT BREAKEVEN LEVELS.ON THE BEACH GROUP PLC - CANCELLATION RATES HAVE BEEN IN EXCESS OF 90% ACROSS SUMMER 2020, WELL ABOVE OUR ASSUMPTION AT HALF YEAR.ON THE BEACH GROUP PLC - TOTAL CUSTOMER REFUNDS MADE IN CASH SINCE 15 MARCH 2020 OF £160M (£70M HOTELS & TRANSFERS AND £90M FOR FLIGHTS).  Full Article

On The Beach Sees One Time Cost From Alternate Travel Arrangements After Thomas Cook Collapse
Monday, 23 Sep 2019 

Sept 23 (Reuters) - On The Beach Group PLC ::STATEMENT RE: THOMAS COOK AIRLINES LTD.ON BEACH IS ASSISTING CUSTOMERS THAT ARE CURRENTLY IN RESORT AND WHOSE TRAVEL PLANS WILL BE AFFECTED.ANTICIPATES THAT THERE WILL BE A ONE-OFF EXCEPTIONAL COST ASSOCIATED WITH HELPING CUSTOMERS TO ORGANISE ALTERNATIVE TRAVEL ARRANGEMENTS.CURRENTLY EVALUATING POTENTIAL EFFECTS OF FAILURE ON ITS FORECASTED PERFORMANCE FOR YEAR ENDING 30 SEPTEMBER 2020 DUE TO ONE-OFF COST.ONE-OFF EXCEPTIONAL WILL BE BOOKED IN CURRENT FINANCIAL YEAR.EXPECTS TO BE ABLE TO RECOVER COSTS OF CANCELLED FLIGHTS VIA CHARGEBACK CLAIM.  Full Article

On The Beach Group Anticipates FY Performance Below Board's Expectations
Friday, 9 Aug 2019 

Aug 9 (Reuters) - On The Beach Group PLC ::TRADING UPDATE.GROUP ANTICIPATES DELIVERING A FULL YEAR PERFORMANCE BELOW BOARD'S EXPECTATIONS.AS OTB REMAINS FOCUSED ON PROFITABLE GROWTH, RELATIVE PRICE INCREASES MAKE IT DIFFICULT FOR GROUP TO GAIN SHARE OF MARKET WHILE MAINTAINING MARGINS.INTERNATIONAL PLATFORMS WILL DELIVER SIGNIFICANT REVENUE GROWTH IN H2 FY19.  Full Article

On The Beach Group Says Remains Confident In Group's Outlook
Thursday, 7 Feb 2019 

Feb 7 (Reuters) - On The Beach Group PLC ::CONTINUED TO PERFORM WELL IN FIRST FOUR MONTHS OF FINANCIAL YEAR, DRIVING CORE UK REVENUE GROWTH AFTER ALL MARKETING COSTS OF +20%.EXTERNAL SEARCH PROCESS IS UNDERWAY TO FIND A CHAIR OF BOARD, WHO WILL REPLACE INTERIM CHAIR DAVID KELLY.REMAINS CONFIDENT IN GROUP'S OUTLOOK.  Full Article

On The Beach Says Lee Ginsberg, A Non-Executive Director To Resign From Board
Wednesday, 6 Feb 2019 

Feb 6 (Reuters) - On The Beach Group PLC ::SEARCH THAT IS CURRENTLY UNDERWAY FOR A NEW CHAIR OF BOARD WILL BE WIDENED TO INCLUDE AN ADDITIONAL NON-EXECUTIVE DIRECTOR.LEE GINSBERG, A NON-EXECUTIVE DIRECTOR TO RESIGN FROM BOARD.  Full Article