Preliminary Results For the Year Ended 31 December 2016
Press Release 28th March 2017
PERSONAL GROUP HOLDINGS PLC
(“Personal Group”, “Company” or “Group”)
For the Year Ended 31 December 2016
Personal Group Holdings Plc, a leading provider of employee services in the UK, is pleased to announce its Preliminary Results for the year to 31 December 2016.
- Group revenue of £53.6m (continuing operations) (2015: £58.0m)
- EBITDA of £11.4m (continuing operations) (2015: £12.6m)
- Dividend increased by 5.3% to 22p
- Strong balance sheet and no debt
- Fourth successive year of record new insurance sales
- Successfully managed Let’s Connect through significant fiscal change
- Accessed SME market opportunity through ‘Hapi’ technology platform
- Signed agreement with Sage to access expanding market opportunity
- Won Royal Mail Group as a significant Let’s Connect client – biggest contract of its type
- Strengthened product offer to support increased take up and client retention
Commenting, Mark Scanlon, Chief Executive of Personal Group, said:
“While 2016 brought about some challenges for the Group, we are now better placed than ever to take advantage of the opportunity that now exists within our market place. The market we face today has changed and it was recognising that change that drove the strategy we have adopted and delivered on since. The shape of the business now reflects the current and future demands of clients; recent investments allow us to deliver an industry leading platform and a strong, comprehensive and flexible product offer, underpinned by an established supply chain and access to a significantly expanded market opportunity.”
For more information please contact:
|Personal Group Holdings Plc|
|Mark Scanlon / Mike Dugdale||+44 (0)1908 605 000|
|Philip Dennis (Investor Relations)||+44 (0)7947 868 206|
|Cenkos Securities Plc|
|Max Hartley / Stephen Keys (Nomad)||+44 (0)20 7397 8900|
|Russell Kerr (Sales)|
|Nick Lyon / Sophie Lister / Jasper Bartlett||+44 (0)20 7796 4133|
Notes to editors:
With over 30 years’ experience of looking after its customers’ employees, Personal Group Holdings Plc (AIM: PGH) is a leading provider of employee benefits and employee related insurance products, offering benefits programmes to over 2 million employees across the UK.
Personal Group’s innovative approach to using technology to deliver its programmes, combined with its face-to-face method of communicating with employees, makes its offering compelling to blue chip clients across the UK as a way of attracting, retaining and motivating employees. The Group tailors its packages to include insurance products such as hospital and convalescence plans, death benefit and income protection plans, as well as lifestyle benefits such as holiday and retail discounts, health and wellbeing benefits and a range of tax efficient benefits.
Personal Group can also supply home technology via salary sacrifice through Let’s Connect. Offering the latest iPads and other tablets, home computers and laptops, smart phones and smart TVs is a highly engaging benefit.
Personal Group has a strong client base across a range of sectors including transport, where it works with the likes of Network Rail, Stagecoach and EYMS Group Ltd, and healthcare, where clients include Four Seasons Health Care, Priory Group and Spire Healthcare. The Group also covers logistics, with companies such as TNT Express and Bibby, and motoring with Manheim and JCT600 as clients. In addition, the Group also has a strong presence in food manufacturing and service and clients include 2 Sisters Food Group and Young’s Seafood.
With over 520 clients the Group has grown considerably and provides engaging and effective employee services across a breadth of sectors.
For further information, please see Preliminary Results Statement