Ebitda soars at Ardonagh but losses also rise in first nine months of 2019

Ardonagh Group has posted a rise in income but also an increased loss for the first nine months of 2019.

Its reported income increased to £505.4m (9M 2018: £403.5m), while its adjusted Ebitda soared to £144.4m this year from £89.5m in the first nine months of 2018.

In Ardonagh’s investor report, the business also revealed a reported operating profit of £8.7m, compared to an operating loss of £12.8m last year.

Loss
However, the group also reported a loss of £67.7m for the period, an increase