REG - CPPGroup Plc - Trading Update for six months ended 30 June 2022

CPPGroupAnnouncement

15/07/2022 07:00

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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 Officer    via Alma PR
 David Bowling, Chief Financial Officer

 Liberum Capital Limited
 (Nominated Adviser and Sole Broker)     Tel: +44 (0)20 3100 2000
 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/
(https://international.cppgroup.com/)

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