Revenue increased 6.9% in H1 to £74.0m (H114: £69.2m), materially outperforming industry data and anecdotal evidence on growth in the UK RMI market. The strong revenue performance has continued into H2 being driven by the introduction of innovative consumer financing products Safestyle brought to market in June. The larger subsidy on new finance products combined with increased marketing spend limits the feed through to profitability, EBITDA increases 2.1% to £9.5m. As a res
17 Sep 2015
Interim Results: Bucking the trend
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Interim Results: Bucking the trend
- Published:
17 Sep 2015 -
Author:
Andy Hanson -
Pages:
10
Revenue increased 6.9% in H1 to £74.0m (H114: £69.2m), materially outperforming industry data and anecdotal evidence on growth in the UK RMI market. The strong revenue performance has continued into H2 being driven by the introduction of innovative consumer financing products Safestyle brought to market in June. The larger subsidy on new finance products combined with increased marketing spend limits the feed through to profitability, EBITDA increases 2.1% to £9.5m. As a res