Saga on track to meet full-year expectations

Specialist in products and services for life after 50, Saga, provided an update on its trading over the period from 1 August to 10 January on Wednesday.

The FTSE 250 firm said it continued to trade strongly in the second half of the year, and was on course to meet its expectations for the full year.

It added significant progress had been made in analysing the customer database and mapping customer activities and behaviours, to identify key drivers of future value for the business.

“The business continues to perform well, with our core insurance and travel divisions both demonstrating consistency in delivering robust results,” said chief executive Lance Batchelor.

“I am pleased that this means we expect to report results in line with our expectations for the full year.”

Batchelor said the company also maintained our focus on enhancing customer understanding and the in-depth segmentation of our database.

“I look forward to outlining our plans for using this insight to drive long-term earnings growth at our Capital Markets Event in March.”