Ardonagh reports Q1 results

David Ross

Ardonagh Group reported an income of £160.1m for the first quarter of 2020.

This compares to £157.6m in the same period last year.

Adjusted Ebitda grew to £43.6m a 10.9% uptick on the £39.3m reported in 2019. Operating costs also fell 1.5% to £116.5m.

Divisions
The investor report broke down the numbers with advisory income hitting £55.7m and retail, which comprises Atlanta Group, contributing £64.4m. Its specialty division reported income of £39.0m.

Operating profit was £13.2m up from the

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