Ardonagh reports adjusted Ebitda of £99.9m

David Ross, Ardonagh

The Towergate and Atlanta parent published results for the first six months of 2020 and reveals prices for Arachas and Bravo Group.

Ardonagh Group has been impacted by Covid-19 in a “limited” way according to CEO David Ross.

The organisation posted adjusted Ebitda of £99.9m for the first six months of 2020 compared to £98.3m in 2019. Ebitda was £80.9m.

Figures throughout the report show restated 2019 numbers.

Operating profit also went up to £37.6m from £8.5m in the same period last year.

According to the investor report the business made a loss of £94.1m for the six months compared to a loss of £41.8m in 2019. The

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