Homeserve increases its 2014 final dividend and pays 30p special

DividendMax Ltd.

Homeserve increases its 2014 final dividend and pays 30p special

Group delivered profit growth whilst significantly increasing marketing investment in the USA  

UK business with 2.1m customers and profits of £56.4m

- Gross new customers increased as expected to 0.3m (2014: 0.2m)

- Retention rate increased to 83% (2014: 82%)

- Continued investment in technology

Good strategic progress and strong customer growth in the USA

- Increased marketing investment driving customer growth of 26% (2014: 19%)

- Retention rate increased to 82% (2014: 81%)

- Partner pipeline remains strong, with 2.5m utility households added in year

- Test marketing with AARP performing in line with our expectations

Momentum in France with announcement of new partner

- Affinity partnership agreed with Lyonnaise des Eaux, serving 5.3m households

Significant customer and profit growth in Spain

- Customer numbers up 37% to 1.1m (2014: 0.8m)

- Adjusted operating profit increased by 87% to £7.5m (2014: £4.0m)

Special dividend of 30p per share (£97m) to be paid to shareholders in July 2015

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