HomeServe profits rise but falling customers impact revenue

Volatility arrows

HomeServe has reported an operating profit of £27.1m for the six months ended September 2012.

This is an improvement on the £24.3m recorded for the same period of 2011.

Revenue rose by 8% over the second and third quarters of 2012 to £229.6m, up from £213.1m in 2011.

UK customer numbers fell to 2.5m during the half year ended September 2012, compared with 3m customers recorded in the same period of the previous year.

Its UK operation’s revenue subsequently fell by 11% to £134.5m over the first half of the 2013 financial year (HY12: £150.9m).

Regulatory issues
HomeServe’s UK business has

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 info@insuranceage.co.uk.

You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Insurance Age? View our subscription options

Register

Sign up and gain access to five complimentary news articles every month.

Already have an account? Sign in here

This address will be used to create your account

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: