3rd Jul 2007 07:02
Helphire Group PLC03 July 2007 For release at 07.00 Tuesday July 3rd 2007 Helphire Group plc Year End Trading Statement and New Agreement Trading Business levels remained high in the final quarter of the new financial year to30 June 2007 with over 981,200 car hire days in the period (2006: 634,256 + 55%)resulting in 1,931,505 car hire days in the second half (2006: 1,328,750 + 45%).In terms of hire cases, approximately 82,600 were referred between January andJune 2007 and the number of repairs and PI claims in the same period beingapproximately 31,070 and 16,375 respectively. Existing customers continued toexperience high levels of reported accidents and newer accounts continued tobuild volumes. Levels of credit repair and personal injury claims were also inline with the Board's expectations. Overall, preliminary results for the year 30 June 2007 are expected to be inline with market expectations. Market Developments The insurance replacement vehicle market in the UK continue to expand, withnon-fault accident vehicle services and sales of insurance polices whichguarantee a replacement vehicle under any 'loss-of-use' circumstance bothgrowing. More motor underwriters are now actively utilising or investigatingthe utilisation of such products and services. New Agreement We are delighted to announce a new, three year contract to supply accidentmanagement services to customers of Pendragon plc. As a result of this and otherdeals, the Automotive Division of the Group, based in Northwich, has significantgrowth opportunities for the forthcoming financial year. Annual Results The annual results for Helphire Group plc for the financial year to June will bereported in the week commencing 24 September 2007. Mark Jackson Chief Executive said: "we have had a very strong second half in amarket that continues to expand. We are very pleased to announce the new dealand look forward to continued strong growth in the Group in the new financialyear." Enquiries: Helphire Group plc: Mark Jackson 01225 321 000 Cenkos Securities: Ian Soanes 020 7397 8900 Lehman Brothers: Ed Matthews 020 7102 1000 Adventis Financial PR: Chris Steele 020 7034 4759 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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