BRT29 Mar 2011 20:17
Financial highlights:
§ Revenue increased by 48.1% to £66.2m (2009: £44.7m)
§ EBITDA before exceptional other income and share based payments charge increased by 39.2% to £13.5m (2009 £9.7m)
§ Earnings per share increased by 5.0% to 1.48p (2009: 1.41p)
Operational highlights:
§ Strong growth in policy sales year on year, with:
- total policy sales increasing by 63.8% to 339,916 (2009: 207,509)
- van insurance policy sales increasing by 6.3% to 122,989 (2009: 115,728)
- existing personal lines, taxi and minibus policy sales increasing by 20.7% to 61,703 (2009: 51,119).
§ Post-acquisition policy sales recorded by eCar and eBike at 79,252 and 21,483 respectively
§ Premium finance loans processed increasing by 6.2% to 166,454 (2009: 156,808)
§ Lead generation business increasing the number of leads generated by 70.1% to 218,958 (2009: 128,736)
§ Medical reporting instructions received increasing by 30.6% to 35,918 (2009: 27,501)
§ Successful share placing in June 2010 raising £8.5m net of expenses. The funds were used to acquire the eCar and eBike policy books.