LONDON (Alliance News) - Consumer marketing company NAHL Group PLC on Wednesday said it expects to post underlying profit in line with market expectations for 2015.
The company, which trades under the National Accident Helpline brand, said revenue from continuing operations in the year to December 31 was up 16% to GBP50.7 million. Revenue in the second half had been hit by the decision to source higher quality, lower volume enquiries for its panel of law firms, the company said, but this had been offset by an increase in gross profit margins.
"I am pleased with the progress which has been made by the group. We continue to grow while also capitalising on what remains a fragmented legal services market through the delivery of earnings enhancing acquisitions. Our flexible business model and focus on quality continues to allow us to adapt our mix to meet market demands whilst growing profitability," said Chief Executive Russell Atkinson.
He added he did not expect proposed changes by the UK government regarding personal injury claims to impact management expectations on revenue in the short term.
"Regardless of the outcome, the group's strong balance sheet, combined with its marketing expertise and market leading brand strength leave it well placed to respond to and benefit from regulatory changes as it has done so in the past 20 years when faced with such change," he said.
The market expects operating profit to be GBP15.5 million for the full year, against GBP12.7 million a year earlier. The company will post its 2015 results on March 22.
NAHL Group shares were down 4.0% at 233.00 pence.
By Hannah Boland; hannahboland@alliancenews.com; @Hannaheboland
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Nahl Group (NAH)