Company Announcements

HOMESERVE PLC

AGM TRADING UPDATE 

LONDON - 16 July 2021 - HomeServe, the international home repairs and improvements business, publishes the following trading update for the period 1 April to 15 July 2021, to coincide with its Annual General Meeting which takes place today.

During this traditionally quieter period, product usage remains strong across the business, with claims frequencies in Membership and consumer usage in Home Experts still high. The outlook for the full year remains in line with the guidance given by the Company at its full year results on 18 May 2021.

HomeServe continues to see strong growth in its North American Membership & HVAC business and as expected, Home Experts is on track to reach profitability in this financial year. In UK Membership & HVAC, a transformation programme is under way to create a more diversified, efficient digital business, and return to stable growth. The Group's Continental European Membership & HVAC businesses, and its joint venture in Japan, continue to make good progress.

The Board remains confident in the Group's prospects and continues to expect to deliver an acceleration in performance in FY22 compared to FY21.

HomeServe plans to announce its interim results for the six months to 30 September 2021 on 16 November 2021.

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About HomeServe

HomeServe is an international home repairs and improvements business that makes home repairs and improvements easy by matching customers to trades to generate repeat and recurring income. HomeServe is listed on the London Stock Exchange with a market capitalisation of £3.2 billion. 

Forward-looking statements

This announcement contains certain forward-looking statements, which have been made in good faith, with respect to the financial condition, results of operations and business of HomeServe plc. These statements and forecasts involve risk and uncertainty because they relate to events and depend on circumstances that will occur in the future. There are a number of factors which could cause actual results or developments to differ materially from those expressed or implied by these forward-looking statements and forecasts. These statements have been made with reference to forecast price changes, economic conditions, the current regulatory environment and the current interpretations of IFRS applicable to past, current and future periods. Nothing in this announcement should be construed as a profit forecast.

ENDS