23rd Mar 2005 07:02
Homeserve Plc23 March 2005 TRADING UPDATE Homeserve plc, the home emergency service company, today provides an update ontrading for the twelve months to 31 March 2005, prior to entering its closeperiod. Homeserve expects to report profits, before goodwill and exceptional items andtax slightly ahead of expectations. Home Service has performed strongly in the final quarter, benefiting fromcontinuing high policy renewal rates, combined with a high level of policy salesand reduced policy acquisition costs. Highway continues to perform well despite continued low market volumes and hasbenefited from the operational changes we reported earlier. Regency has been affected by the difficult furniture retail market. As reportedin our interim results, Administrators were appointed to Courts plc, which willresult in a £2.7m exceptional charge in the year in respect of the outstandingdebts. Homeserve has now completed the disposal of its remaining Commercial Companies,the details of which were separately announced this morning. The Group expects to announce its Preliminary Results for the year ended 31March 2005 on 24 May 2005. 23 March 2005 Enquiries: Homeserve plcBrian Whitty, Executive Chairman Tel: 01922 427900Andrew Belk, Group Finance Director TulchanAndrew Honnor Tel: 0207 353 4200William Davidson This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
HSV.L