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Homeserve PLC - Walsall, England-based home repairs and improvements - Says it made ‘very good progress’ in the financial year ended March 31, 2022, and delivered an acceleration in performance compared to the 2021 financial year. Its Home Experts division was profitable for the first time on a full year basis, it explains, and this was ‘predominantly thanks to progress at Checkatrade’. The company expects Checkatrade's average revenue per trade to exceed a target of £1,200, up from £939 in its financial year 2021. Net debt at the end of March stood at around two times earnings before interest, tax, depreciation and amortisation, it says.
Homeserve's full year results will be published on May 24.
Current stock price: 883.50 pence, up 2.1% on Tuesday
12-month change: down 24%
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