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 70 years. We exist to deliver exceptional experiences every day, while being a driver of positive change in our markets and communities.
Financial overview
Interim results for the six months ended 31 July 2023
| Financial highlights | 31 July 2023 | 31 July 2022 (restated) | Change |
|---|---|---|---|
| Revenue | £355.3m | £309.8m | 15% |
| Underlying Profit Before Tax (Under Previous IFRS)1 | £13.4m | £14.0m | (4%) |
| Underlying Profit Before Tax1 | £8.0m | £14.6m | (45%) |
| Loss before tax | (£77.8m) | (£261.8m) | 70% |
| Available Operating Cash Flow1 | £85.9m | £31.5m | 173% |
| Net Debt1 | £657.4m | £721.3m | (9%) |
| Leverage ratio | 7.0x | 8.5x | (1.5x) |
1 Please refer to the Alternative Performance Measures Glossary on pages 78-79 of our interim results statement for definition and explanation