Our latest Investing Matters Podcast episode with QuotedData's Edward Marten has just been released. Listen here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksPersonal Group Regulatory News (PGH)

Share Price Information for Personal Group (PGH)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 163.00
Bid: 160.00
Ask: 166.00
Change: -5.50 (-3.26%)
Spread: 6.00 (3.75%)
Open: 168.50
High: 168.50
Low: 163.00
Prev. Close: 168.50
PGH Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Trading Update

25 Jul 2019 07:00

RNS Number : 6343G
Personal Group Holdings PLC
25 July 2019
 

 

 

 

Personal Group Holdings plc

 

("the Company")

 

 

Trading Update

 

Personal Group Holdings Plc (AIM: PGH), a technology-enabled employee services provider, is pleased to provide the following update for the six months ended 30 June 2019.

The Company had a solid start to the year, with trading in line with management's expectations.

The core insurance business continued to perform well, although new sales have been slower than expected in the first half as we continue to grow the insurance sales team, having exited 2018 with fewer people in the field. PG Let's Connect, the technology salary sacrifice business, had a strong start to the year with revenue ahead of last year but remains a Q4 oriented business. SaaS continued to benefit from sales of third-party products via the Company's proprietary digital platform, Hapi. We are also beginning to see the benefits of the recent Innecto acquisition, including opening a number of new and cross-selling opportunities within their client base.

Preparations for the full launch of the next product version of Sage Employee Benefits (SEB) are complete and we remain encouraged by the response to the soft launch that took place. The full launch is later than planned, due to Sage's focus on Making Tax Digital which represented an immediate market opportunity for them. Sage remains a natural channel partner and we now look forward to progressing our partnership.

As we continue through 2019, the market for employee benefits remains strong, with continued pressure on companies across the UK in being able to attract and retain the right staff to drive and support improved productivity. The Board remains confident in the long-term outlook for the Company and will, as planned, provide an update on strategy during the half year results in September.

Deborah Frost, Chief Executive of Personal Group, commented:

"Personal Group has performed in line with management's expectations during the first half of the year. Recent market testing of our proposition, following my appointment as Chief Executive, has confirmed that our offering strongly resonates. This, combined with the Company's solid foundation, provides me with additional comfort for the future growth of the business. The Board remains confident in the long-term outlook for the Company and will, as planned, provide an update on strategy at the time of the announcement of the half year results in September."

 

 

 

-ENDS-

 

For more information please contact:

Personal Group Holdings Plc

 

Mike Dugdale - Chief Financial Officer

+44 (0)1908 605 000

Philip Dennis - Investor Relations

+44 (0)7947 868 206

 

Cenkos Securities Plc

 

Max Hartley / Callum Davidson (Nomad)

+44 (0)20 7397 8900

Russell Kerr (Sales)

 

 

Media enquiries:

Hudson Sandler

 

Nick Lyon / Lucy Wollam

+44 (0)20 7796 4133

personalgroup@hudsonsandler.com

 

 

Notes to Editors:

 

Personal Group Holdings Plc (AIM: PGH) is a technology enabled employee services business, working with employers to drive productivity though better employee engagement and a more motivated workforce. With over 30 years' experience, the Company provides employee benefits and services to over 2 million employees across the UK.

Personal Group's offer comprises in-house services, including employee insurance products (hospital, convalescence plans and death benefit), the provision of home technology via salary sacrifice (iPads, computers, laptops, smart phones and smart TVs), and pay and reward consulting via Innecto, the leading independent UK consultancy acquired in 2019. Third party services include retail discounts, e-payslips, employee assistance programmes, wellbeing programmes and salary sacrifice cars and bikes.

The product offer is provided via the Company's proprietary technology platform, Hapi. The platform is intuitive, designed primarily for app deployment and also accessible via web and tablet, driving better engagement, communication and value recognition. Hapi is flexible and can quickly integrate additional services, such as existing employee services and partner platforms. Hapi is a digital Saas product.

Through technology and select acquisitions, the Company has grown its addressable market from 6m to over 27m UK employees; including 15.6m SME employees targeted via its partnership with Sage, the UK's largest software company.

Personal Group's innovative approach to using technology to deliver its programmes, combined with its face-to-face method of communicating with employees, makes its offer compelling to blue chip clients across the UK as a way of attracting, retaining and motivating employees. The acquisition of Innecto in February 2019 allows Personal Group to engage with clients earlier in their thinking around Pay and Reward, and to interact with a new base of blue-chip and fast growth clients typically at HR Director and CEO level.

Personal Group has a strong client base across a range of sectors including passenger transport, healthcare, logistics and food manufacturing. Clients include: Stagecoach, Four Seasons Health Care, Priory Group, Spire Healthcare, Bibby, 2 Sisters Food Group and Young's Seafood.

For further information, please see www.personalgroup.com

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
TSTPGUWCMUPBGQC
Date   Source Headline
20th Mar 20248:00 amRNSReplacement:Preliminary Results and Final Dividend
19th Mar 20247:01 amRNSGlobal Airline Selects Personal Group
19th Mar 20247:00 amRNSPreliminary Results and Final Dividend
14th Mar 20247:00 amRNSNotice of Results Presentations
25th Jan 20247:00 amRNSTrading Update and Notice of Results
17th Jan 20242:21 pmRNSDirector/PDMR Dealings
4th Jan 20245:38 pmRNSPDMR Share Dealing
18th Dec 20234:25 pmRNSDirector/PDMR Dealings
13th Dec 20234:48 pmRNSHolding(s) in Company
29th Nov 202310:37 amRNSChange of Nominated Adviser and Broker
29th Sep 20237:00 amRNSInterim Results
25th Sep 20237:00 amRNSNotification of Major Holdings
4th Sep 20237:00 amRNSNotice of Results
10th Aug 20236:09 pmRNSGrant of LTIP options
19th Jul 20233:40 pmRNSTrading Update & Update on CEO Transition-Amend
19th Jul 20237:00 amRNSTrading Update and Update on CEO Transition
10th Jul 20231:42 pmRNSPDMR Share Dealing
21st Jun 20237:00 amRNSGrant of LTIP & CSOP options
4th May 202311:30 amRNSResults of Annual General Meeting
4th May 202311:18 amRNSNotification of Major Holdings
4th May 20237:01 amRNSAGM Statement
4th May 20237:00 amRNSCEO Succession
21st Apr 20232:32 pmRNSAGM Notification Amendment
11th Apr 20233:36 pmRNSAGM Notification
28th Mar 20237:00 amRNSPreliminary Results and Final Dividend
13th Mar 20237:00 amRNSNotice of Results Presentations
30th Jan 20237:00 amRNSTrading Update
4th Jan 20232:33 pmRNSPDMR Share Dealing
27th Sep 20227:00 amRNSInterim Results
19th Aug 20227:00 amRNSNotice of Analyst and Investor Presentations
26th Jul 20227:00 amRNSTrading Update and Notice of Results
5th Jul 20227:00 amRNSPDMR Share Dealing
1st Jul 20227:00 amRNSAcquisition of Quintige Consulting Group Limited
16th Jun 20227:00 amRNSDirector's Dealings
9th Jun 20229:32 amRNSExercise of Share Options, PDMR Dealings and TVR
1st Jun 20227:00 amRNSDirectorate Change
24th May 20227:00 amRNSDirectorate Change
5th May 20225:00 pmRNSResults of Annual General Meeting
5th May 20227:00 amRNSAGM Statement
20th Apr 20227:00 amRNSLong Term Incentive Plan Awards
12th Apr 202211:06 amRNSAGM Notification
4th Apr 20227:00 amRNSPurchase of shares by Employee Benefit Trust
29th Mar 20227:00 amRNSPreliminary Results and Final Dividend
2nd Mar 20227:00 amRNSAppointment of Chief Wellbeing Ambassador
28th Feb 20223:39 pmRNSHolding(s) in Company
21st Feb 20227:00 amRNSNotice of Results and Investor Presentation
17th Feb 20229:08 amRNSHoldings in Company -Donation of Shares to Charity
7th Feb 20227:00 amRNSFive-year contract extension with Sage Group plc
27th Jan 20227:00 amRNSTrading Update
5th Jan 20227:00 amRNSPDMR Share Dealing

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.