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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.
H1 revenue (+18%)
H1 EBITDA (+18%)
H1 reported pre-tax profit (+36%)
*2022 first half year results (figures in brackets represent period-on-period constant currency)
2022: The year so far
Robust performance and continued simplification of the business and proposition
We started 2022 with a leaner organisational structure – focusing on four business units and an intention to move away from ‘insurance’ towards ‘real-time assistance’.
Despite the global economic environment, the Group’s core businesses (CPP India, CPP Turkey, Blink and Globiva) continued to perform well.
The Group are focused on a broader multi-year programme for change, with the aim to define what CPP’s purpose is, and to set a course for the Group that moves us closer to our vision of becoming a leading technology driven assistance business.
We are confident about the outlook and growth prospects for our core operations for the second half of the year.
Simplified structure focused on four business units:
- CPP India
- CPP Turkey
- Legacy Business (UK & European back book).
Simplified the proposition away from “insurance” to providing a suite of technology-enabled “assistance” products across six categories: My Travel, My Tech, My Health, My Digital Life, My Home, and My Finances
Core business (CPP India, CPP Turkey and Blink) performing well.
- Two major partner renewals for CPP India, and volume growth through our My Tech, My Health, and My Home assistance products.
- Blink now has a dedicated management and operational team in place to build capacity and drive growth. Post period, Blink has started to provide its services to four new partners.
- Continued diversity of partnerships in our Turkish business drove revenue growth on a constant currency basis, with EBITDA margin impacted by local economic conditions.
Legacy Business (UK & European back book) revenues continue as expected.
Preliminary Results Announcement
2022 Annual Report
Annual General Meeting
Interim Results Announcement