Overview - CPP Group
  • 242.00
  • 2.00
  • As of 27 May 2022 21:40

Overview

Welcome to our investor centre where you can learn more about our latest results, our strategy and find shareholder information.

CPP Group at a glance

CPP Group is an AIM listed technology-driven assistance company that creates embedded and ancillary real-time assistance products and resolution services that reduce disruption to everyday life for millions of people across the world, at the time and place they are needed.

£143.6m

FY revenue (+5%)

£7.5m

FY EBITDA (+29%)

£4.2m

FY underlying pre-tax profit (+374%)

>70

revenue generating partners

>11.4m

customers

*2020 full-year results (figures in brackets represent period-on-period constant currency change).

2021: Our year in review

A year of good financial and operational progress as we refocus the business

Despite the COVID-19 related headwinds which have challenged us all, the Group delivered growth over the prior year and a solid set of financial results – thanks to the efforts of our people and the demonstrable value of what we do for our customers and partners.

2021 was a year in which the Group continued to simplify and refocus its operations. The Group is now robustly focused on its core markets in India and Turkey and our digital rich Blink parametric business.

We are now focused on optimising the allocation of human, intellectual and financial capital to where we can better achieve commercial advantage and attractive returns.

Operational highlights:

Strong recovery in our Indian market with CPP India growing revenue by 7% and Globiva widening its client base with revenue increasing by 51%.

Expanded partner base and product innovation in Turkey with revenue growing 28% on a local currency basis.

The integration of Blink is making progress to strengthen the Group’s ability to deliver innovative parametric and digital solutions.

Simplification of the Group to focus on key growth areas through:

  • disposal of German card protection legacy business for £2.4 million;
  • disposal of our historically loss-making China business in January 2022;
  • restructure of Mexico and closure of the legacy Malaysia business; and
  • post period, we have commenced the wind down of the UK MGA and Bangladesh.

New Board and Executive team in place to provide strategic focus and drive the business forward sustainably.

Financial calendar

March 2022
Preliminary Results Announcement

April 2022
2021 Annual Report

April 2022
Annual General Meeting

Aug/Sep 2022
Interim Results Announcement