On the Beach Group (LSE:OTB) PLC reported bookings in the first quarter of the fiscal year were higher than last year, leaving the group with a healthier forward order book heading into 2023.
“Although the first quarter (calendar quarter four) is historically the quietest trading period, group total transaction value (TTV) for October, November and December 2022 exceeded the comparative months in fiscal year 2022,” the company said.
The online beach holiday retailer was updating investors ahead of its AGM later today.
Bookings since the Christmas period have also materially increased and whilst it is still very early in the year, group TTV since the start of the financial year to date is up 68% versus the equivalent period in the prior year.
The company reported growth across premium, long-haul and B2B expansion areas.
The balance sheet remains strong and investment has been ramped up to support the strong sales growth.