LONDON (ShareCast) - Home maintenance specialist Homeserve said first quarter trading results are ahead of last year and in line with expectations.
“Our expectations for the full year remain unchanged,” said the group. “The business continues to perform well with clear visibility of our future earnings profile and a strong pipeline of future growth opportunities.”
Homeserve’s consumer led membership businesses continue to perform well with policy renewals and marketing take up rates not being adversely affected by the current market conditions in Europe and the US.
In the UK, policy acquisitions from its direct marketing and policy retention rates continue to be in line with previous years.
In the US, the number of policies has increased to 415,000 from 53,000 and in France it has increased by 38,000 to 1.218m since the year-end.
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