Homeserve increases its 2017 interim dividend by 8%

DividendMax Ltd.

Homeserve increases its 2017 interim dividend by 8%

Customer numbers up 2% in the UK to 2.2m with further development in our gas capability

- agreement to acquire npower's "domestic care and maintenance" contracts

Step change in the USA  

- Acquisition of USP added 9.4m households, integration progressing well

- Further 6.8m utility households added in the period, now marketing to 49m households

- Strong customer growth, customer numbers up 32% to 2.8m 

Good growth in France and Spain, with customer numbers up 6% and 10% respectively

Positive joint venture discussions in New Markets and continued momentum in innovation

Strong cash generation, 114% cash conversion2

Net debt 1.9x adjusted EBITDA reflecting USP acquisition

Interim dividend up 8% to 4.1p

Companies mentioned