On the Beach boss issues last half-year results before stepping down

By Lisa James
16/05/2023
Home » On the Beach boss issues last half-year results before stepping down

On the Beach boss Simon Cooper has reported his last half-year results before he steps down as CEO.

The company reported group revenue for the six months to 31 March 2023 increased by 38% to £73.2 million on the previous year.

It reported a pre-tax loss of £6m, a £1m improvement.

On the Beach said it believes there is currently ‘significant’ unsold capacity, but said: “We continue to see strength in late and long lead time bookings, and believe that unsold bed and seat capacity should support greater strength in bookings for peak/school summer holidays as these approach.”

Simon will be replaced by Chief Financial Officer Shaun Morton at the end of June and will then take the role of Founder Director.

Simon said: “In what will be my last half-year results as CEO before handing over the reins to Shaun on 30 June, I am pleased with the Group’s performance in the first half and I am confident that the right building blocks are in place for Shaun and the team to continue to deliver growth across the business and I remain excited about both the near term and longer term opportunities for On the Beach.”

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