LONDON (ShareCast) - (ShareCast News) - AIM-listed Personal Group said on Friday that revenue for the current year is now expected to be lower than in 2016, but it will meet its full year earnings profit expectations.
The company, which provides employee services in the UK, said that while its salary sacrifice business continues to benefit from the recent clarity and greater simplicity of tax treatment as a result of the Finance Bill earlier this year, one of its key customers has said that for its own short-term operational reasons, it will now delay the planned offering to its employees into next year.

Personal Group said that while this will impact revenue for the year, the ongoing strength of the core insurance business and the recent traction across the Hapi platform, along with a focus on cost control, provides continued confidence that it will meet its full year EBITDA profit expectations.

Chief executive Mark Scanlon said: "The group offer is better placed than ever as we enter 2018. The core insurance business continues to deliver and we look forward to seeing continued growth from our SaaS offer, both in SME and beyond."

At 1315 BST, the shares were down 5.3% to 400p.

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