Saga PLC (LON:SAGA) has said its core insurance and travel businesses have continued their good start to the year despite a backdrop of a changing political and economic environment.
In a brief trading update for the period from 1 February to 21 June 2017, the FTSE 250-listed group – which primarily tailors its services for customers over the age of 50 – just said it “remains well positioned to deliver against the strategic objectives set out at its capital markets event on 29 March 2017.”
READ: Saga reports solid profits growth, fuelled by good performances in both travel and insurance
Ahead of its Annual General Meeting at its headquarters in Folkestone today, Saga’s chief executive officer, Lance Batchelor, said: “We remain on track to deliver on our strategic objectives, including the launch of our membership scheme, Saga Possibilities, which will go live later this year."
The group will report its interim results on September 22.
At the end of March, Saga reported reported solid growth in full-year profits, fuelled by good performances in both its divisions, leading to a cut in net debt and an increased dividend.
The saw its underlying pretax profit - excluding derivative gains and the Ogden discount rate cut impact - rise to £187.4mln for the twelve months to January 31 2017, up 5.6% on the £177.4mln reported a year earlier.