SSP reports rise in Ebitda
SSP Group has revealed a 13.8% increase in Ebitda to £17.9m for the year ended 31 March 2012, up from £15.8m in 2011.
Total group revenue was flat at £71.7m (2011: £71.0m). Cash at the year-end increased to £12.8m (FY11: £11m).
Revenues from the insurer division, which is responsible for the supply of software and services to insurance companies in the UK and overseas, increased by 8.2% to £21.5m (2011: £19.8m).
The technology provider highlighted that the geographic spread of its insurer division, and location in growth markets including Africa and Asia Pacific, had helped to mitigate slower conditions in the
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