On The Beach Group PLC
LSE:OTB
On The Beach Group PLC
On The Beach Group Plc operate as online travel agent. The firm operates through four segments: OTB, International, CCH and CPH. Its OTB segment conducts its activity via United Kingdom websites, such as www.onthebeach.co.uk, www.sunshine.co.uk and www.onthebeachtransfers.co.uk. Its international segment conducts its activity via Swedish, Norwegian and Danish Websites, such as www.eBeach.se, www.eBeach.no and www.eBeach.dk. Its CCH segment conducts its activity via the tour operator, Classic Collection Holidays Limited and its subsidiaries. Its CPH segment conducts its activity via the Classic Package Holidays online business to business portal. The firm offers customers a range of flight and hotel products bookable through online channels, including desktop, mobiles, tablets and applications, and over the phone.
On The Beach Group Plc operate as online travel agent. The firm operates through four segments: OTB, International, CCH and CPH. Its OTB segment conducts its activity via United Kingdom websites, such as www.onthebeach.co.uk, www.sunshine.co.uk and www.onthebeachtransfers.co.uk. Its international segment conducts its activity via Swedish, Norwegian and Danish Websites, such as www.eBeach.se, www.eBeach.no and www.eBeach.dk. Its CCH segment conducts its activity via the tour operator, Classic Collection Holidays Limited and its subsidiaries. Its CPH segment conducts its activity via the Classic Package Holidays online business to business portal. The firm offers customers a range of flight and hotel products bookable through online channels, including desktop, mobiles, tablets and applications, and over the phone.
Bookings Growth: The company saw bookings increase by 15% in the first half, with strong contributions from Premium and Long Haul segments.
Ryanair Partnership: A major agreement was signed with Ryanair, ending litigation and securing seat supply, which is expected to improve customer experience and operations.
EBITDA Surge: Adjusted EBITDA grew by 93% compared to the prior year, reflecting operational leverage and revenue growth.
Dividend Declared: An interim dividend of 0.9p per share was announced, consistent with the company’s payout policy and confidence in future prospects.
Premium and Long Haul Expansion: TTV growth in Premium was 41% and in Long Haul 61%, with Long Haul now representing 9% of B2C sales.
Marketing Efficiency: Despite a highly competitive online landscape with higher CPC costs, total marketing spend was reduced by 5% year-on-year.
Positive Outlook: The summer forward order book is 22% bigger than last year, and full-year profit expectations remain in line with consensus.
