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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Homeserve Plc | LSE:HSV | London | Ordinary Share | GB00BYYTFB60 | ORD 2 9/13P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 1,198.00 | 1,198.00 | 1,199.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMHSV
RNS Number : 6879L
Homeserve Plc
21 July 2017
HOMESERVE PLC
TRADING UPDATE
LONDON - 21 July 2017 - HomeServe, the international home repairs and improvements business, publishes the following trading update for the period 1 April to 20 July 2017, to coincide with its Annual General Meeting which takes place today.
Trading for the period was in line with the expectation HomeServe reported at its Preliminary Results on 23 May 2017 of continued strong growth in the current financial year. As previously disclosed, HomeServe's business continues to be highly seasonal, with FY18 trading expected to be more significantly weighted towards the second half.
Momentum in North America remains strong with 2.5 million new households added in the period, driven by 24 new partner signings. HomeServe now has access to 53 million households in North America, and serves 3.1 million customers.
HomeServe's UK business is performing as anticipated. Future growth initiatives are focused on developing a full heating repair, service and installation business, and on expanding partnerships in the insurance industry through the deployment of HomeServe's LeakBot water leak detector.
Performance in France, Spain and Italy is also on track, with all three businesses focused on developing new and existing partnerships.
As announced previously, HomeServe is expanding its business from the home assistance sector into the much broader home repairs and improvements market. Following the investments last year in Checkatrade in the UK and Habitissimo in Spain, early testing is under way for a range of new propositions, including a guarantee-backed model in Scotland and a payment platform for contractors in Madrid.
HomeServe plans to announce its interim results for the six months to 30 September 2017 on 21 November 2017.
Contacts
Media enquiries: Investor Relations: Tulchan Group David Bower - CFO Martin Robinson Miriam McKay - Group Communications Sheebani Chothani and IR Director homeserve@tulchangroup.com miriam.mckay@homeserve.com +44 207 353 4200 +44 7795 062564 ----------------------------- --------------------------------------
About HomeServe
HomeServe is an international home repairs and improvements business, with 7.8 million customers in the UK, North America, France, Spain and Italy as at March 2017. Its comprehensive range of water, heating and electrical assistance and repair products provide customers with peace of mind. HomeServe is listed on the London Stock Exchange, with a market capitalisation of GBP2.2 billion.
Forward-looking statements
This announcement contains forward-looking statements with respect to the financial condition, results and business of HomeServe plc. By their nature, forward-looking statements involve risk and uncertainty because they relate to events, and depend on circumstances, that will occur in the future. HomeServe's actual future results may differ materially from the results expressed or implied in these forward-looking statements. Nothing in this announcement should be construed as a profit forecast.
ENDS
This information is provided by RNS
The company news service from the London Stock Exchange
END
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(END) Dow Jones Newswires
July 21, 2017 02:00 ET (06:00 GMT)
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