HomeServe expects strong growth
Home repairs group HomeServe, which has its head office in Walsall, said it continued to expect strong growth in the next fiscal year, with trading weighted toward the second half.
The company said it expected increased investment in home experts to be offset by strong performance in membership, particularly in North America.
Its investment in Checkatrade was proceeding well, with the segment reporting strong results from recent advertising campaigns in north west England, HomeServe said.
Its business in Continental Europe saw two developments: In Spain, HomeServe reached an agreement to secure the ongoing billing arrangements for customers acquired through the Endesa partnership for the next five years.
In Italy, it agreed to sell its 49 per cent take in its Italian associate, Assistenza Casa, citing limited opportunities for membership growth in the country.
The company said: “International business development resources will be focused on the recently announced joint venture with Mitsubishi in Japan and prospecting other more attractive markets.”
HomeServe plans to announce its interim results for the six months to September 30 on November 19.