Revenues up but profits down at HomeServe

International home repairs and improvement company HomeServe saw revenues rise to £366m in the first half of 2017, up 16% from the same period last year, but profits before tax fell 5% to £21.2m.

EBITDA rose 17% to £56.1m and statutory operating profit was up 12% at £25.5m. Earnings per share were down 5% at 5.1p.

Richard Harpin, founder and group chief executive of HomeServe, said: “I am delighted with the progress we made across our business in the first six months of this financial year.”

HomeServe has 7.8m customers in the UK, North America, France, Spain and Italy as at September 2017. I