Classic Collection owner On the Beach Group is forecasting another record year, after reporting a 12% increase in revenue.
Interim results for the six months to 31 March 2025 show total transactional value (TTV) of bookings was up 13%, to £640.7 million, and volumes up 11%, which On the Beach said is ‘significantly ahead of the market’.
Adjusted profit before tax increased by 23% to £7.6m, after a net investment of £1.5m into marketing in the Republic of Ireland, where it has recently established a brand.
Summer 2025 forward TTV is up 14% and On the Beach said investment into its Ireland market and its city breaks programme will contribute to further growth in the second half of the year.
“As a result of these factors, and the continued execution of strategy, another record year is expected,” On the Beach said in a statement.
Chief Executive Shaun Morton said: “Demand for holidays remains strong as our customers continue to prioritise travel, and we are proud to have increased the breadth and quality of our offer so that they can holiday better and more often.
“This trend is reflected in our Summer ’25 forward order TTV which is currently 14% ahead of last year. Our trading momentum, coupled with the continued execution of our strategy, means we are well placed to deliver our biggest summer to date and remain on track with our medium term ambition.”
Classic Collection made a £1.3m operating loss in the first half of the year, compared to a £200,000 operating profit in the previous year. On the Beach attributed the loss to an increase in overheads following the restructuring of the business last year.
Classic generated £4.8m in revenue, up from £3.6m and bookings increased by 36% to more than 10,000.
On the Beach said: “Following the restructure in the prior year, the B2B segment represents the operations of Classic Collection. The prior year results have been restated to exclude the discontinued operations.
“Despite a challenging high street market, Classic Collection has made solid progress with growth in bookings of 36% in H1. Overheads have increased YoY as a result of the transfer of activity following the restructure. Management remain focused on operational efficiency in H2.
“Further strategic developments at the end of H1, including improved customer access to Ryanair flight inventory and the launch of Classic Collection in Ireland, give us confidence that the segment can return to profitability in H2.”
