19 July 2017 – first quarter results
The company has released results for the three months to 30 June showing significant growth in revenues, profits and profit margin. During the period, the group carried 7.2m passengers compared with £5.8m in the same period last year, whilst profits increased by over 50% to €58.1m (2016: €38.6m). At the end of the period the group had free cash of €912m, whilst these strong results have set the group up for a strong year. We re-iterate our recommendation of SPECULATVE BUY.