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Home Group Limited

Trading update for year ended 31 March 2022

Home Group Limited (Home Group) issues its unaudited Group trading update for the twelve months ended 31 March 2022. 

Commenting on the results, Mark Henderson, Chief Executive said:

"As we emerge from the pandemic, we have seen an increasingly uncertain and changeable business environment. Rising prices, particularly for food and energy costs, combined with wages and benefits not keeping pace with inflation, have created a cost of living crisis.

That is why we have been working extremely hard to support our customers. On average, our financial inclusion team has saved those customers who we've engaged with around £500 each. We are continually looking at ways to improve the support we provide.

Rising energy prices represent an increasing challenge to many, and in addition to providing proactive support and advice, we recognise that improving the energy efficiency of our homes will help reduce the risk of fuel poverty. It is not only the right thing to do for our customers, but of critical importance to the environment. We have a clear plan for all our homes to meet the challenge of net zero.

Against this backdrop we are pleased to report a surplus before tax of £28.1 million in 2022, which is slightly lower than the previous year. This has been a year focussed on recovery, with a significant increase in spend on maintenance, reflecting catch up of work which had to be deferred during periods of lockdown."

The full trading update is available at:

https://www.homegroup.org.uk/media/zgafnmvu/home-group-unaudited-results-2022-final.pdf

For further information, please contact:

Steve Hallowell

Director of Treasury and Investor Relations

M: 07736 097160

Email:  steve.hallowell@homegroup.org.uk