Homeserve on track to hit targets after solid UK trading

18th Jul 2014 07:20

Home repairs and insurance group Homeserve reported good UK trading and said it was on track to match hopes, although trading would be weighted towards the second half of the financial year.Homeserve said the UK business had made solid progress in the first three months of this financial year, with a continued strong customer retention rate.The group said it was on track to hit a target of 300,000 gross new customers in 2015 and expected its customer numbers to be at at least 2m during the year with a retention rate of around 82%. "We are making progress across all of our marketing channels and will, in line with prior years, undertake the majority of marketing activity in the second half of the year," it said.Its international businesses continued to increase customer numbers and was performing as expected, it said.In Spain, as expected, customer and policy numbers continued to rise strongly, principally as a result of the group's relationship with Endesa.In Italy, customer numbers increased in the first quarter and the company continued to conduct test activity in Germany.PW