Safestyle has released interim results for the six months ended 30 June. Revenue of £82.5m is +1.4% YoY (HY16 restated: £81.4m) however an increase in costs driven by investment in lead acquisition, the move to a new facility and additional IT investment has resulted in a 15.1% decline in underlying PBT to £9.0m. As highlighted in the trading statement (8 th September), market conditions remain challenging; FENSA data shows the rate of market decline accelerated from a reduc

21 Sep 2017
Interim results

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Interim results
- Published:
21 Sep 2017 -
Author:
Andy Hanson -
Pages:
9 -
Safestyle has released interim results for the six months ended 30 June. Revenue of £82.5m is +1.4% YoY (HY16 restated: £81.4m) however an increase in costs driven by investment in lead acquisition, the move to a new facility and additional IT investment has resulted in a 15.1% decline in underlying PBT to £9.0m. As highlighted in the trading statement (8 th September), market conditions remain challenging; FENSA data shows the rate of market decline accelerated from a reduc