logo
Plus   Neg
Share
Email

HomeServe Reports Further Profit Growth In FY - Quick Facts

HomeServe plc (HSV.L) reported that the Group delivered 13% growth in profit before tax for the year ended 31 March 2019 principally driven by strong growth in North America. Looking forward, HomeServe expects to deliver further strong growth in fiscal 2020, with the increased P&L investment in Home Experts to be offset by strong performance in Membership, particularly North America.

For the fiscal year period, pretax profit increased to 139.5 million pounds from 123.3 million pounds, prior year. Earnings per share was 32.3 pence compared to 29.7 pence. Adjusted profit before tax improved 14% to 161.7 million pounds from 141.7 million pounds. Adjusted earnings per share was 37.0 pence compared to 33.1 pence.

Fiscal year Group revenue was 1.0 billion pounds compared to 899.7 million pounds, last year. Pro forma revenue growth was 33% at Checkatrade and a 23% increase in trades. Total customers at the year end were 8.4 million, flat with prior year, as strong growth in North America was offset by expected declines in Spain.

The Board proposed to increase the final dividend to 16.2 pence per share to be paid on 2 August 2019 to shareholders on the register on 5 July 2019. Together with the interim dividend, this represents a 12% increase in the total ordinary dividend payment for the year of 21.4 pence.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Apple Inc. is taking necessary precautions including Covid-19 testing for those employees returning to work at its headquarters in Silicon Valley, Bloomberg reported citing people familiar with the process. The company, which opened its main Apple Park office in May bringing back some hardware and software engineers, plans the gradual reopening of the building keeping the coronavirus safeguards. A U.S. appeals court has blocked the sales of Bayer AG's dicamba-based Xtendimax in the United States. The three-judge panel in the U.S. Court of Appeals for the Ninth Circuit ruled that the US Environmental Protection Agency (EPA) overstated the protections and substantially understated or ignored the risks related to the use of dicamba-based herbicides. Tesla Chief Executive Officer Elon Musk has called for a breakup of Amazon after the online retail giant refused to publish an upcoming book about COVID-19. Writer Alex Berenson said on Twitter that Amazon refused to publish his booklet about the coronavirus as it did not comply with the company's guidelines. Berenson is a former New York Times reporter.
Follow RTT