On the Beach issues lower profit outlook amid Iran war
On the Beach expects annual profit of 18 to 25 million pounds. This is below analyst views as conflict in the Middle East impacts regional holiday bookings.
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ON THE BEACH GROUP PLC forecast annual adjusted pretax profit between £18 million and £25 million, missing analyst estimates of £38.5 million to £42 million. The United Kingdom travel firm reinstated its outlook on Tuesday morning after suspending it due to geopolitical instability. Investors are weighing the impact of regional conflict on summer travel demand as the company faces a 40% gap versus market expectations.
