Emergency home repairs group Homeserve (LON:HSV) reported a 25 percent rise in profit on Tuesday, after strong growth in North America, Spain and France.
Pre-tax profit hit £123.3 million, with revenue rising 15 percent to £899.7 million. In North America, operating profit doubled to $64.4 million, with customer numbers up 20 percent. Total customers for the group rose 7 percent to 8.4 million.
“This has been another great year for HomeServe, with record profit growth and another step change in our growth in North America,” founder and chief executive Richard Harpin said.
“In particular, continued strong organic growth is expected in North America, with acquisitions providing opportunities to further accelerate business development across the group,” it said.
The company also reported an increase in its full-year dividend, up 25 percent on-year.
Despite the strong figures, Homeserve shares are currently trading down 3.80 percent at 810.00 (0811GMT).
