UK's Saga rises on robust FY profit

Saga

09/04/2025 11:57

** Shares of British holiday group Saga SAGA.L up 1.44% at 128.2p

** SAGA reports 25% rise in FY total underlying PBT, ahead of previous guidance of marginal YoY growth

** Co sees underlying PBT for 2025/26 below 2024/25 due to an increase in financing costs, but expects further progress in reducing net debt during 2025/26

** Co continues to prepare for the sale of Insurance Underwriting business, AICL, and partnership with AgeasAGES.BR

** Peel Hunt analysts say, "long-term outlook is more positive than we have pencilled in, as the focus turns to the growth in the Travel business following the restructuring of the Insurance business"

** Up to Tuesday's close, stock fell 0.79% so far this year

(Reporting by Simone Lobo in Bengaluru)

((Simone.Lobo@thomsonreuters.com; +919920570373;))