CPPGroup Plc Trading Statement (5168P)
18 November 2016 - 6:00PM
UK Regulatory
TIDMCPP
RNS Number : 5168P
CPPGroup Plc
18 November 2016
18 November 2016
CPPGroup Plc
TRADING UPDATE
CPPGroup Plc ("CPP" or "the Group"), the international
assistance business, today provides an update on trading in the
period since the Group's interim results announcement published on
18 August 2016 (the "Interim Results").
A combination of continued focus on cost control across the
Group, increased sales volumes in our Indian business, and the
impact of a weaker sterling on the results of our European
operations, has resulted in the Board now anticipating underlying
operating profit(1) for the full year ended 31 December 2016 to be
materially ahead of the expectations detailed in the Interim
Results.
Additionally, further to the Group's announcement on 14
September 2016, regarding the decision to develop an IT platform on
its existing systems, CPP continues to negotiate an agreement with
SSP Limited and will provide an update on the final outcome in due
course.
1. Underlying operating profit represents performance from
continuing operations excluding exceptional items.
For further information please contact:
CPPGroup Plc
Jason Walsh, Chief Executive Officer
Mike Corcoran, Chief Financial Officer
Tel: +44 (0)1904 544500
Investec Bank plc
Nominated Adviser and Corporate Broker
Sara Hale; James Rudd; Carlton Nelson
Tel: +44 (0)20 7597 4000
Maitland
Neil Bennett; Daniel Yea
Tel: +44 (0)20 7379 5151
Notes to Editors
CPP provides a range of assistance based services to customers
in the UK & Ireland and in a number of international markets
across Asia, Europe and Latin America. The Company's core
propositions provide peace of mind for customers covering a range
of areas including lost and stolen credit cards, identity theft,
insurance of mobile devices, and passport assistance.
For more information on CPP visit www.cppgroupplc.com
REGISTERED OFFICE
CPPGroup Plc
Holgate Park
York
YO26 4GA
Registered number: 07151159
This information is provided by RNS
The company news service from the London Stock Exchange
END
TSTEAPFXFFAKFFF
(END) Dow Jones Newswires
November 18, 2016 02:00 ET (07:00 GMT)
Cppgroup (LSE:CPP)
Historical Stock Chart
From Mar 2024 to Apr 2024
Cppgroup (LSE:CPP)
Historical Stock Chart
From Apr 2023 to Apr 2024