Saga Forecasts Annual Profit Jump on Strong Demand

Saga ‘significantly ahead’ of growth plans as turnaround bears fruit

The over-50s travel and insurance group saw shares jump higher in early trading as a result.

Saga H1 Earnings Call Highlights

Saga (LON:SAGA) raised its full-year profit outlook after reporting higher revenue, profit and cash generation for the six months ended July 31, supported by demand in its travel businesses and improved insurance broking performance. The company said it now expects full-year underlying profit befor

Saga forecasts annual profit jump on strong demand

Saga, a British over-50s holiday and insurance group, has forecast materially higher annual profit and said it could meet its medium-term targets ahead of schedule, helped by strong demand for its cruises, holidays and travel insurance.

Saga profit nearly doubles as turnaround gathers pace

Saga said first-half profit nearly doubled and raised its guidance, as the over-50s travel and insurance specialist’s turnaround gathered pace. The company’s IPO nearly a decade ago was highly anticipated, but the group has never really lived up to expectations, having been ravaged by poor performance of its insurance business, the pandemic and concerns about […]

Saga Raises Profit Guidance As First-half Underlying Profit Nearly Doubles

Saga reported a 98% increase in underlying profit before tax to £46.6m in the first half, with revenue up 14% and net debt down £70.4m, prompting the group to raise its full-year profit guidance to £65m-£70m.