The Ardonagh Group Q1 2018 Interim Statement

The-Ardonagh-Group-Q1-2018-Interim-Statement

“A strong operating performance with Adjusted EBITDA up 12.7% year on year”

“Continued investment in growth through strategic acquisitions, key hires and front-end systems”

The Ardonagh Group has announced its financial results for the three months ended 31st March 2018.

The Group comprises six segments – Autonet and Carole Nash, Paymentshield, Insurance Broking, Schemes and Programmes, MGA and Wholesale – which together operate more than 20 leading consumer brands and employ 6,000 people across over 100 locations.

Income grew by 6.8% to £131.7million and Adjusted EBITDA climbed 12.7% to £28.0 million in the first quarter.

CEO David Ross said: “We have had a strong start to the year with underlying organic growth supported by strategic investments. With three small acquisitions completed in the quarter and several key hires, we continue to invest in businesses and people that want to become part of a disruptive and dynamic force in the market.”