Group delivered profit growth whilst significantly increasing marketing investment in the USA
UK business with 2.1m customers and profits of £56.4m
- Gross new customers increased as expected to 0.3m (2014: 0.2m)
- Retention rate increased to 83% (2014: 82%)
- Continued investment in technology
Good strategic progress and strong customer growth in the USA
- Increased marketing investment driving customer growth of 26% (2014: 19%)
- Retention rate increased to 82% (2014: 81%)
- Partner pipeline remains strong, with 2.5m utility households added in year
- Test marketing with AARP performing in line with our expectations
Momentum in France with announcement of new partner
- Affinity partnership agreed with Lyonnaise des Eaux, serving 5.3m households
Significant customer and profit growth in Spain
- Customer numbers up 37% to 1.1m (2014: 0.8m)
- Adjusted operating profit increased by 87% to £7.5m (2014: £4.0m)
Special dividend of 30p per share (£97m) to be paid to shareholders in July 2015
