0848 GMT - Online holiday retailer On the Beach's 1H results confirm the encouraging year-to-date trends, with total transaction value up 13% to 640.7 million pounds, and revenue up 7%, Shore Capital analysts Katie Cousins and Greg Johnson say in a note. Its working capital saw a one-off benefit from the Ryanair partnership, with overall net debt reduced by 18 million pounds to 29.2 million pounds, Shore says. "OTB highlights the ongoing execution of its growth strategy, leaving the group well placed for another record summer," the analysts say. Shares are down 2% at 264.50 pence, and are up 58% over the past 12 months. (anthony.orunagoriainoff@dowjones.com)
(END) Dow Jones Newswires
May 13, 2025 04:48 ET (08:48 GMT)
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