HomeServe shares (LON: HSV) woke up Tuesday morning after the group reported strong results in the first half.
The FTSE 100 company rose 17% in revenue from £457.7m to £536.7m.
However, pre-tax statutory profit fell 49% to £101,000.
Richard Harpin, founder and CEO, commented: The stress of living and working through the pandemic means that we are more aware of the value of home comfort than ever before. Our strong policy retention in the first half emphasizes the value we place on the services our membership customers provide.
“As a backdrop of this challenging background, I am truly pleased that our business continues to function well. In busy winter months, our focus is on providing great service to our customers and making a safe living for teams and transactions. The latest wave of lockdowns has not made a fundamental difference to our business. The good news for us and our customers is that our engineers can continue to work in people’s homes. Based on what we see today, we are confident that we will provide a healthy combination of organic and acquired revenue growth over the year.
Looking forward to it, the group said it is expecting strong demand and is increasing its full-year profit forecast.
HomeServe shares (LON: HSV) are up almost 3% at 1.273,80 (0849GMT).
