Homeserve increases its 2017 full year dividend by 20%

DividendMax Ltd.

Homeserve increases its 2017 full year dividend by 20%

Statutory operating profit up 20% to £104.7m; Adjusted operating profit up 22% to £118.8m reflecting strong underlying performance -both included a £10.3m foreign exchange benefit.

Solid UK performance; 2.2m customers up 1%, launched Aviva Home Response product range 

Rapid expansion in North America

- Record partner signings; 100 new partners and affinity partner households now at 50m

- Significant growth in customer numbers and adjusted operating profit - up 28% to 3.0m and 75% to £21.2m

France and Spain customer numbers up 4% and 7% respectively

Our Italian business agreed a joint venture with Edison Energia, a major utility in Italy

Investment in Checkatrade and acquisition of Habitissimo

Strong cash generation - 118% cash conversion 2

Net debt 1.7x adjusted EBITDA, reflecting recent M&A activity

Dividend up 20% to 15.3p

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