Hyperion CEO: £84.1m loss "does not tell story of the group"
CEO says the group will focus on the expertise and knowledge it possesses following acquisitions.
Hyperion chief executive officer David Howden said the £81.4m accounting loss the group posted for its latest financial year doesn't give a true picture of the firm's prospects.
The loss, for the 12 months to the end of September 2015, was put down to the impact of non-recurring and acquisition costs in the company's full-year results.
Revenue increased by 50% to £299m last year (2014: £199m) while Ebitda rose 31% to £56.7m (2014: £43.2m).
Howden was upbeat about the group's prospects and
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk.
You are currently unable to print this content. Please contact info@insuranceage.co.uk to find out more.
You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@insuranceage.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@insuranceage.co.uk
Most read
- In Depth: Managing cyber risk in an ever-changing security landscape
- Covéa cuts losses but underwriting deficit grows
- JMG strikes its biggest deal of 2024 with BQI swoop