Homeserve Plc Trading Update (6879L)
July 21 2017 - 2:00AM
UK Regulatory
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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