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Trading statements

HomeServe at upper end of forecasts

06 April 2017 07:23

HomeServe has reported strong momentum in the business and said it expected results for the year ended 31 March to be at the upper end of market forecasts.

The group said it now offered its products to over 100m affinity partner households and had 7.8m customers.

It said it also made very good progress advancing its strategic priorities during the year with:

- Rapid progress in the USA with 50m affinity partner households and 3m customers at the year end. - Successful integration of Utility Service Partners (USP), on track to deliver $15m EBITDA in FY18. - New partnerships signed with Aviva in the UK and Edison Energia in Italy.

The group also said it had accelerated its online consumer proposition with investments in Checkatrade (UK) and Habitissimo (Spain) and innovation and new country expansion was making good progress.

Chief executive Richard Harpin said: "I am delighted with our performance this year. Given the strength of our strategic and operational progress, we anticipate delivering a performance at the upper end of expectations for the year ended 31 March 2017.

"This progress, combined with excellent prospects in all our businesses will provide the platform for further strong growth next year."

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Related Company: HSV

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