Preliminary results for YE 31 December 2016
Business highlights:
· Saved customers over £1bn in 2016, up more than 30% (2015: £759m)2
· Customer interactions up 26% to 32.0m (2015: 25.5m)3
· New Board and strengthened executive team in place
· Successfully completed demerger from esure Group plc and admitted to the main market of the London Stock Exchange on 3 November 2016 (LON:GOCO)
· £85m loan facility provided by a group of four banks, with £75m drawn down at the year end
· Strategy progressing well, with strengthening of tech, marketing and commercial teams
· Leverage4 of 1.7x - down from 2.8x at the time of demerger