ALLG All Leisure

TIDMALLG

RNS Number : 4563J

All Leisure Group PLC

16 July 2013

16(th) July 2013

All Leisure group PLC

Update

Following the announcement dated 26 June 2013, All Leisure group plc (ALLG) now estimates that, subsequent to the full on-board investigation, the net one-off cost to the company of cancelling Voyager cruises in May/June will be in the region of GBP1.6m. The Voyager re-entered service on the 25th June with the assistance of temporary generators. Work is continuing on schedule to build the new crankshafts in situ.

Recent trading in the cruise divisions continues to be challenging and this has been particularly impacted by events in Egypt. Regrettably it has been necessary to cancel Discover Egypt's Nile cruise programme following advice from the Foreign Office. On the assumption that the disruption continues throughout August, the company expects an additional shortfall of approximately GBP1.5m in the full year results.

The integration between the cruise division and tour operating division in Market Harborough has gone well and the Burgess Hill office was closed on the 31 May 2013. The cost to the company and the synergies outlined previously remain in line with expectations. Where previously the company had experienced later bookings, trading at this early stage of the financial year 2013/14 has started very well across all brands, with the exception of Discover Egypt, which has limited forward capacity. Sales for Voyages of Discovery are up 30%, Swan Hellenic 21%, Hebridean 19%, Travelsphere 23% and Just You 29%.

The company's interim results for the period to 30 April 2013 will be announced on Tuesday the 30 July 2013.

Enquiries:

All Leisure group PLC

   Roger Allard  Chairman                          Telephone: 01858 588396 
   Ian Smith Chief Operating Officer     Telephone: 01858 588396 
   Chris Gadsby Finance Director            Telephone: 01858588216 

Broker and Nominated Adviser: Panmure Gordon Limited

   Andrew Godber/Adam Pollock          Telephone: 0207 886 2500 

Financial Public Relations: Citigate Dewe Rogerson

   Ginny Pulbrook / Lindsay Noton       Telephone: 0207 638 9571 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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