CPPGroup Plc Trading Update for six months ended 30 June 2022 (5603S)
July 15 2022 - 2:00AM
UK Regulatory
TIDMCPP
RNS Number : 5603S
CPPGroup Plc
15 July 2022
15 July 2022
CPPGroup Plc
("CPP Group", the "Group" or the "Company")
Trading Update for the six months ended 30 June 2022
Ahead of the Interim Results, CPP Group (AIM: CPP), a provider
of assistance and insurance products, which reduce disruptions to
everyday life for millions of customers across the world, confirms
that it expects to report financial results for the six months to
30 June 2022 in line with the Board's expectations.
The Group, despite global economic headwinds, continues to
record good growth in its key Indian and Turkish markets. Blink,
the Group's InsurTech platform servicing the global travel sector,
is starting to build a credible proposition around its travel
disruption services.
Operationally, the Group is focused on a change management
programme, which is a substantial undertaking and includes the exit
from or closure of certain legacy businesses; management of the
legacy renewal books; the delivery of a new IT platform for our
Indian business; and platform capacity for Blink. It is a complex,
multi-year programme that is not expected to conclude until early
2025. The Group will provide a more detailed update on the
programme alongside the publication of its Interim Results, which
are due to be released on the 26 September 2022.
Simon Pyper, CEO of CPP Group, commented:
"We are at the start of a journey, which once completed will see
us transform from a complex to a simplified business focused on
providing innovative, embedded and tech-based products and
solutions to our growing partner base.
Whilst there is much to be done, I am confident that we are
travelling in the right direction and at an appropriate speed".
Enquiries:
CPPGroup plc
Simon Pyper, Chief Executive via Alma PR
Officer
David Bowling, Chief Financial
Officer
Liberum Capital Limited
(Nominated Adviser and Sole Tel: +44 (0)20 3100 2000
Broker)
Richard Lindley
Lauren Kettle
Alma PR
(Financial PR Adviser) Tel: +44 (0)20 3405 0205
Josh Royston
David Ison
Kieran Breheny
About CPP Group:
CPP Group is a technology-driven assistance company that creates
embedded and ancillary real-time assistance products and resolution
services that reduce disruption to everyday life for millions of
people across the world, at the time and place they are needed, CPP
Group is listed on AIM, operated by the London Stock Exchange.
For more information on CPP visit
https://international.cppgroup.com/
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