Oval results show rise in Ebitda

peter-blanc-017

The figures, released to staff today in an email seen by Insurance Age, showed that gross sales increased by £5.5m to £108.1m, a 6% rise on the previous year.

After taking account of exceptional one-off items such as restructuring costs incurred in the year, the underlying profitability of the group (EBITDAE) grew by 16% to £17.7m [2011: £15.3m].

The group also paid off £6.1m of debt during the year.

In the email Peter Blanc, group CEO at Oval, stated that the results reflected a strong year for

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 [email protected].

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: