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Saga plc ( (GB:SAGA) ) has issued an update.
Saga plc has reported expected growth in underlying profit for the financial year ending in January 2025, with significant progress in its cruise and travel businesses. The company announced a new partnership with Ageas for its motor and home insurance operations, anticipating a short-term decline in Insurance Broking earnings. The sale of its Insurance Underwriting business is set to generate proceeds of £43 million, which will aid in reducing the company’s debt. Additionally, Saga has successfully refinanced its corporate debt, enhancing its liquidity and financial position.
More about Saga plc
Saga plc is a UK-based company specializing in providing products and services for individuals over 50. Renowned for its recognized and trusted brand, Saga offers high-quality, award-winning services including cruises, holidays, insurance, personal finance, and publishing.
YTD Price Performance: -5.31%
Average Trading Volume: 224,138
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £164.9M
For an in-depth examination of SAGA stock, go to TipRanks’ Stock Analysis page.