LONDON (ShareCast) - (Sharecast News) - AIM-listed Personal Group reiterated its full-year outlook on Tuesday, on the back of strong first-half numbers and "robust" current trading.
Revenues at the workforce benefits and services provider rose 11% in the six months to June end to £23.3m, while recurring revenue streams were up 12% at £45.7m.

Adjusted earnings before interest, tax, depreciation and amortisation surged 42%, in line with management expectations, to £5.5m.

Pre-tax profits rose to £3.8m from £3.9m a year previously.

Personal Group said it had benefited from "record" insurance sales during the period.

Paula Constant, chief executive, continued: "Personal Group continues to make good progress, with the refined strategy put in place at the end of 2024 delivering another strong set of results, with insurance sales going from strength to strength, growing levels of ARR and healthy cash generation, to support a strong balance sheet."

Looking to the rest of the year, the firm noted that third-quarter trading had been "robust".

As a result, it concluded: "This, combined with the group's growing recurring revenues, underpins the board's confidence in achieving market expectations for the full year."

Canaccord Genuity, which has a 'buy' rating on the stock, said: "The first half continued to demonstrate impressive execution of the group's revised strategy and showed strong growth on all key metrics."

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