Tour operator All Leisure Group (AIM:ALLG) is one of the biggest fallers on the AIM market this morning, falling 17.39 percent on a disappointing trading update.
Unaudited results now show revenues for the year of £127.3 million, down from £138.9 million in 2014. The company cited tough trading conditions as a reason for the fall, and said that the outlook remained challenging, especially in the light of recent acts of terrorism which may affect consumers’ propensity to travel. In a statement, the company said that it “anticipates that full year performance will be below expectations and now expects the business to make a small loss for the full year.”
Underlying cruise division revenues fell by £2.2 million, due to several ships being closed for maintenance, with revenue from the tours division falling by £5.1 million.
Prior to this update, trading had improved slightly on the year with a surge in Autumn bookings.
All Leisure Group are a tour and cruise operator, operating the Voyages of Discovery, Swan Hellenic and Hebridean Island Cruises brands. They are currently trading down 17.39 percent at 5.55 pence per share, with a 52 week range of between 4 and 25.4.