Personal Group has produced robust interim results, delivering £19.6m of revenue (-0.8% YoY), £3.7m of adj EBITDA (-9.0%) and 3.2% growth in the quarterly dividend, in-line with forecasts. Results largely reflect performance of the company’s core insurance product, producing stable, recurring income. In H2/17E, we expect this to be combined with meaningful profit from the now refreshed PG Let’s Connect during its key Q4 trading period, leading to a strong H2/17E weighting to results.
26 Sep 2017
Positioned for progress
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Positioned for progress
Personal Group Holdings Plc (PGH:LON) | 162 0 0.0% | Mkt Cap: 50.5m
- Published:
26 Sep 2017 -
Author:
Cavendish Research -
Pages:
6
Personal Group has produced robust interim results, delivering £19.6m of revenue (-0.8% YoY), £3.7m of adj EBITDA (-9.0%) and 3.2% growth in the quarterly dividend, in-line with forecasts. Results largely reflect performance of the company’s core insurance product, producing stable, recurring income. In H2/17E, we expect this to be combined with meaningful profit from the now refreshed PG Let’s Connect during its key Q4 trading period, leading to a strong H2/17E weighting to results.