REG-easyJet plc easyJet holidays sell side analyst seminar

easyJetAnnouncement

23/09/2022 08:00

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   easyJet plc (EZJ)
   easyJet holidays sell side analyst seminar

   23-Sep-2022 / 07:57 GMT/BST
   Dissemination of a Regulatory Announcement, transmitted by EQS Group.
   The issuer is solely responsible for the content of this announcement.

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   23 September 2022

                                        

                                  easyJet plc

                                  (‘easyJet’)

                                        

                 easyJet holidays sell side analyst seminar   

                                        

      A low-risk, stand out business delivering in its first full year of
                                    trading 

     • Fastest growing major holiday company in the UK
     • FY22 easyJet holidays profit before tax expected to be in excess of
       £35m
     • Targeting +30% customer growth for FY23 
     • On track to deliver £100m+ PBT in the medium term

    

   Overview

   easyJet plc is today holding a seminar for sell side analysts to discuss
   the rapid growth of the easyJet holidays business. The event will be
   hosted by Garry Wilson, easyJet holidays CEO and Kenton Jarvis, easyJet’s
   CFO.

   easyJet operates Europe’s best leisure network which millions of customers
   already fly on when taking their holiday. easyJet holidays is capitalising
   on this opportunity to generate strong and growing returns while also
   taking market share from tour operators through its uniquely positioned
   business model which has a c.95% variable cost base.

   The easyJet holidays business expects to make in excess of £35 million
   profit before tax in this financial year serving 1.1 million customers and
   is targeting +30% growth in customers for FY23. This is the first step
   towards the strategic goal of £100+ million profit before tax in the
   medium term.

   The presentation used in today’s seminar will be made available on the
   Group’s corporate website (https://corporate.easyjet.com/) later today.

   Johan Lundgren, CEO of easyJet, said:

   “easyJet holidays was created to meet the demand from our customers for
   package holidays to destinations they know and love in our network. It has
   become the fastest growing holiday company in the UK and our unique
   business model is delivering with easyJet holidays well on track to
   achieve our £100m+ profit target in the medium term.”

   For further details please contact easyJet plc:

    

   Institutional investors and analysts:

   Michael Barker Investor Relations  +44 (0) 7985 890 939

   Adrian Talbot             Investor Relations  +44 (0) 7971 592 373

    

   Media:   

   Anna Knowles  Corporate Communications +44 (0) 7985 873 313

   Edward Simpkins FGS Global     +44 (0) 7947 740 551 / (0) 207 251 3801

   Dorothy Burwell FGS Global    +44 (0) 7733 294 930 / (0) 207 251 3801

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   ISIN:          GB00B7KR2P84
   Category Code: MSCM
   TIDM:          EZJ
   LEI Code:      2138001S47XKWIB7TH90
   Sequence No.:  189998
   EQS News ID:   1448807


    
   End of Announcement EQS News Service

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