Hodges upbeat over rise in Ebitda
Towergate group CEO Mark Hodges has promised “more of the same” for the rest of 2012 as the consolidator revealed an increase in Ebitda and reduced losses.
Speaking to Insurance Age following a half-year result that saw operating earnings reach £80.6m Mr Hodges confirmed it would be business as usual as he got on with the job of trying to improve the group in a number of areas.
"Genuinely we are pleased to have seen some increase in operating earnings in the first half of the year," he said. "We think operating earnings it the right and true measure... to post a number of just over £80m is a good result."
Asked to clarify why the Ebitda figure was
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