29th Mar 2007 07:02
Homeserve Plc29 March 2007 HOMESERVE PLC TRADING UPDATE Homeserve plc, the home emergency service company, today provides an update on trading for the year ending 31 March 2007, prior to entering its close period. Homeserve expects to report profits, before amortisation of acquisition intangibles and tax, in line with expectations. Within the Policy Membership Division, Homeserve GB achieved strong growth in profits with new policy sales of approximately 1.6 million and an expected retention rate of 86%. The retail warranties business is now trading profitably. The International businesses continued to perform in line with our expectations. In the US, marketing under the newly added First Energy brand has been successful and in France, Domeo is expected to double the number of policies. The second phase of testing with Endesa in Spain starts in April 2007. The Emergency Repair Division has seen high levels of activity in the second half. Furthermore, we have reached outline agreement with a major household insurer to provide fully integrated multi-trade claims management. This agreement is the first of its kind in the industry and is due to commence in September 2007. The Group expects to announce its Preliminary Results for the year ended 31 March 2007 on 21 May 2007. 29 March 2007 Enquiries: Homeserve plcBrian Whitty, Executive Chairman Tel: 01922 427900Richard Harpin, Chief ExecutiveAndrew Belk, Group Finance Director TulchanAndrew Honnor Tel: 0207 353 4200Stephen Malthouse This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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