2 April 2020 - trading update

The specialist provider of products and services for those aged over 50 has announced a trading update for the 12 months ended 31 January 2020 and an updated assessment of the potential impact of COVID-19.  In terms of the 12 months ended 31 January 2020, underlying profit before tax is expected to be £110m, in line with the target range of £105m to £120m.  The debt ratio (excluding Cruise) is 2.4x, with £109m of short term net bank debt.  Good progress has been made against the business priorities set in April 2019 and . . .

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