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Saga plc Preliminary Results for the year ended 31 January 2016

19th April 2016

Commenting on the results, Lance Batchelor, Group Chief Executive Officer, said: “The last year saw significant progress in delivering the strategy we set out in early 2015. Our core insurance and travel businesses maintained their strong growth trajectory and were enhanced by new and improving products, new routes to market and the ability to target a broader range of customers. Meanwhile, we advanced the roll-out of exciting new platforms for Saga, such as Saga Investment Services.

“I’m delighted that we are able to propose an increased dividend for the year that is above expectations as well as committing to a higher future payout range. This commitment is supported by our confidence in the Group’s continued strong profit and cash generation performance and the successful evolution of our model towards less capital intensive activities, delivering a higher quality earnings stream. It’s particularly pleasing to do so while also deleveraging and making important investments in new cruise capacity.

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