Business overview

Saga has become one of the UK's most trusted businesses by providing customers with differentiated products and excellent customer service for over 65 years. We exist to deliver exceptional experiences every day, while being a driver of positive change in our markets and communities.

 

Financial overview 

Preliminary results for the twelve months ended 31 January 2021

Financial highlights 31 January 2021 31 January 2020 Change
Underlying Profit Before Tax1 £17.1m £109.9m (84.4%)
Loss before tax (£61.2m) (£300.9m) 79.7%
Available operating cash flow £3.4m £92.7m (96.3%)
Adjusted net debt (excluding Cruise)2 £246.9m £361.7m (31.7%)
Leverage ratio (net debt ratio to Trading EBITDAexcluding Cruise) 2.7x 2.4x 0.3x

1 Profit before tax from continuing operations excluding unrealised fair value gains and losses on derivatives and the impairment of the carrying value of the cruise ships and goodwill.
2 Net debt is the sum of the carrying value of the Group's debt facilities less ship loans and the amount of available cash it holds. 
3 Earnings before interest payable, tax, depreciation and amortisation, and excludes the amortisation of acquired intangibles, non-trading costs and impairments.