HSV.L Share News (HSV)

(Sharecast News) - Home repairs and improvements business HomeServe backed its full-year guidance on Friday ahead of its annual meeting.
In an update on trading for the period from 1 April to 15 July, the company said that during this traditionally quieter period, product usage remains strong across the business, with claims frequencies in Membership and consumer usage in Home Experts still high.

HomeServe said the full-year outlook remains in line with the guidance given at the full-year results in May.

The group said its continues to see strong growth in its North American Membership & Heating Ventilation and Air Conditioning (HVAC) business, while as expected, Home Experts is on track to reach profitability in this financial year.

"In UK Membership & HVAC, a transformation programme is underway to create a more diversified, efficient digital business, and return to stable growth," HomeServe said.

Meanwhile, its Continental European Membership & HVAC businesses, and its joint venture in Japan, continue to make good progress.

"The board remains confident in the group's prospects and continues to expect to deliver an acceleration in performance in FY22 compared to FY21."