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*The financial highlights are underlying results for the year ended 30 September 2008. Underlying operating profit excludes separately disclosed items, amortisation of IFRS 3 intangibles, goodwill impairment and taxation of results of the Group’s joint ventures and associates. Underlying profit before tax also excludes an acquisition related put option interest charge. Underlying earnings per share excludes the same items as excluded from underlying profit before tax, net of related taxation. The comparative information is presented on an unaudited pro forma basis for 12 months to 30 September 2007. As set out in Note 1 to the consolidated financial statements, the statutory comparative period included in the financial statements is nine months to 30 September 2007 and includes the results of First Choice from 3 September 2007 only. | ||
Leading tour operators and ‘power’ brands with strong product differentiation and flexible business models.
Revenue: £11.8bn
Underlying operating profit: £277.4m
Margin 2.3%
Specialist & Emerging Markets Sector
Niche brands specialising in either destinations, premium travel experiences or customer demographic segments often with differentiated and exclusive product.
Revenue: £0.8bn
Underlying operating profit: £26.1m
Margin: 3.2%
Market-leading brands within Marine, Adventure, Ski, Student and Sport segments operating in a rapidly growing market.
Revenue: £0.8bn
Underlying operating profit: £49.5m
Margin: 6.3%
Online Destination Services Sector (ODS)
Comprehensive portfolio of businesses providing destination services and accommodation to tour operators, travel agents and consumers worldwide.
Revenue: £0.5bn
Underlying Operating Profit: £57.4m
Margin: 11.4%
Underlying operating profit: £14.8m







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