Saga reports ‘solid trading’ ahead of its AGM

Undated Handout Photo of a view from the train from Zurich to Erstfeld. See PA Feature TRAVEL Switzerland. Picture credit should read: PA Photo/Danya Bazaraa. WARNING: This picture must only be used to accompany PA Feature TRAVEL Switzerland.
Undated Handout Photo of a view from the train from Zurich to Erstfeld. See PA Feature TRAVEL Switzerland. Picture credit should read: PA Photo/Danya Bazaraa. WARNING: This picture must only be used to accompany PA Feature TRAVEL Switzerland.
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Over-50s specialist Saga today reported “solid trading” across its core insurance and travel businesses.

The message came in a trading update covering the period between February 1 and June 20 ahead of it annual meeting today.

Saga said: “The group remains on track to achieve its targets for the year ending 31 January 2017 and continues to make good progress against its strategic priorities.”

Chief executive, Lance Batchelor, said: “We have made a good start to the year across our core trading divisions.

“We continue to focus on our strategic objectives and remain on track to deliver on the targets we set out at our preliminary results on 19 April 2016.”

In all the group says it remains on track to achieve its targets for the year ending January 31 2017 and continues to make good progress against its strategic priorities.

It is progressing with its investment plans for future growth through the ongoing development of opportunities in emerging businesses and continues with the implementation of the Quota Share agreement and the motor panel.

The Group’s Interim Results will be announced on 21 September 2016.