Interim Results
RETURN TO
UNDERLYING
PROFIT AS
CRUISE AND
TRAVEL
GROWTH
BEGINS
Experience is everything
SAGA
SEPTEMBER 3032
magazine
At
home
with
Joan
PLUS
SUSIE DENT
MARTIN CLUNES
PAUL LEWIS
FERN BRITTON
ALAN JOHNSON
DANNY CLARKE
JENNI MURRAY
VIRGINIA RONSIDE
LY DEAN
JEREMY PAXMAN
Interim results for the six months ended 31 July 2022
Return to underlying profit for the first half and expect to report
underlying profit for the full year in the range of £20-30m
Resilient performance within all business units:
On track to reach target Ocean Cruise load factor with per diems
ahead of plan
Relaunched Travel business with new touring and stays
proposition
Revenue growth in Saga Money following launch of new equity
release product and new CEO
Disciplined Insurance approach in difficult market; stable margins
and enhanced product range
Reported loss before tax of £257.5m, reflecting impairment of
Insurance goodwill
Robust financial position with £179.0m of Available Cash and
resumption of ocean cruise ship repayments
Good early progress against strategy with customer NPS growth
and strengthened leadership team focused on delivery of
Superbrand growth plan
4
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