Oval chief shrugs off falling short of EBITDA target
Oval chief executive Peter Blanc has shrugged off falling shy of his £20m EBITDA target and hailed the broker's growth "when most people are going backwards".
It comes as Oval Group recorded an encouraging performance in the year to May 2013, with EBITDA pre exceptionals rising to £19.6m - a 10% increase on the £17.7m posted for the previous year.
Speaking to Insurance Age, Mr Blanc said: "In terms of EBITDA, we said by the end of May we were hoping to have £20m, we are a little bit shy of that but the economy is not exactly in a great place. In the circumstances to grow at all is good and to grow EBITDA is a bloody good result."
Although Oval's net
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