UK's On The Beach H1 revenue falls 12% on Middle East conflict

On Beach group

12/05/2026 07:13

Overview

UK online holiday seller's H1 revenue fell 12% yr/yr amid Middle East conflict impact

Adjusted pretax profit dropped on lower margins and shorter-duration bookings

Company reinstated full-year profit guidance, citing stabilised booking activity

Outlook

On the Beach expects FY26 adjusted PBT between £18m and £25m

Company says booking activity has stabilised, with bookings up 9% over the last 6 weeks

Full-year dividend payout expected to be 25% of profit after tax, total dividend to be lower than prior year

Result Drivers

MIDDLE EAST CONFLICT - Co said demand disruption and cancellations due to the Middle East conflict since March weighed on revenue and margins

BOOKING MIX SHIFT - Shift toward shorter-duration, lower-value bookings and later booking patterns reduced average booking value and margins

TECHNOLOGY AND EXPANSION - Investment in technology and expansion into cities and Ireland drove booking volume growth, but did not offset revenue decline

Company press release: ID:nRSL8742Da

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
H1 Revenue
GBP 52.20 mln
H1 Adjusted Revenue
GBP 52.90 mln
H1 Adjusted Pretax Profit
GBP 2.30 mln
H1 Pretax Profit
-GBP 3.20 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the leisure & recreation peer group is "buy"

Wall Street's median 12-month price target for On The Beach Group PLC is GBp305.00, about 79.8% above its May 11 closing price of GBp169.60

The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 10 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)