The Aporia
The Aporia
Saker-Clark, H. (2026, September 30). Saga ‘significantly ahead’ of growth plans as turnaround bears fruit. Evening Standard. https://www.standard.co.uk/business/business-news/shares-belgian-london-press-association-b1298983.html
Saker-Clark, Henry. “Saga ‘significantly ahead’ of growth plans as turnaround bears fruit.” Evening Standard, 30 Sept. 2026, https://www.standard.co.uk/business/business-news/shares-belgian-london-press-association-b1298983.html.
Saker-Clark, Henry. “Saga ‘significantly ahead’ of growth plans as turnaround bears fruit.” Evening Standard, September 30, 2026. https://www.standard.co.uk/business/business-news/shares-belgian-london-press-association-b1298983.html.
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Saga, an over-50s travel and insurance group based in London, reported significant progress in its turnaround plan with a 12% revenue increase to £367.5 million for the six months ending July 31, compared to the same period last year. Underlying pre-tax profits nearly doubled to £46.6 million, up from £23.5 million previously. The company's cruise business saw a substantial profit jump of 38%, driven by strong customer demand and reduced promotional activities. Saga now projects an underlying profit of at least £100 million before its initial 2030 target, with profits expected to be between £65 million and £70 million for the full year, marking a significant improvement over last year's figures. This performance reflects the success of Saga’s strategic focus on expanding its cruise business while reducing reliance on underwriting insurance policies.
