LONDON (Thomson Financial) - Western & Oriental PLC said it has made "a good
start to the year" with organic growth in line with its expectations and with
gross margins maintained despite pricing pressures.
The specialist luxury travel group said its forward order book has increased
"very significantly" over the same point last year. While this is partly due to
acquisitions, the company said that on a like-for-like basis organic growth was
over 7 pct.
The company said it remains cautiously optimistic about its future supported
by its strong forward order book and resilient and diverse client base, adding
it remains encouraged by the strength of its potential acquisition pipeline.
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