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SAGA Saga News Story

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UK's Saga rises as first-half cruise bookings top expectations

BUZZ-UK's Saga rises as first-half cruise bookings top expectations

** Shares of British over-50s holiday and insurance group Saga SAGA.L up 9% at 658 pence

** Ocean cruise revenue in H1 is expected to exceed last year, driven by a 13% rise in booked per diems

** Co remains on track to meet its full-year guidance

** Expects first-half holidays revenue and passenger numbers to exceed the prior year

** Also expects FY revenue to be marginally ahead of the same point last year

** "Full-year holidays revenue is expected to be marginally ahead of the prior year, though passenger numbers could be slightly behind, with more customers opting for shorter short-haul holidays rather than long-haul trips as a result of the Middle East conflict," Saga said

** SAGA up ~53.5% this year, as of last close


(Reporting by Megha Kumari in Bengaluru)

((Megha.Kumari@thomsonreuters.com;))

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