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22 November 2011
Thomas Cook Group Plc
Thomas Cook Group plc announces that as a result of deterioration of trading in some areas of the business in the current quarter, and of its cash and liquidity position since its year end, the Company is in discussions with its principal lending banks with regard to its facilities during the seasonal low period of cash in the business.
While the Company currently remains in compliance with its financing covenants, it also intends to seek agreement from its lending banks to adjustments that will improve its resilience if trading conditions remain difficult.
As a result, the Company will delay its announcement of its full year results until these discussions are concluded. The Company expects to report a headline operating profit for the year ended 30 September 2011 broadly in line with previous guidance.
Thomas Cook Group plc Investor Relations +44 (0) 20 7557 6414
Finsbury Faeth Birch +44 (0) 20 7251 3801
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