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Personal Group confident of achieving market expectations for the full year

In a statement to be delivered at today's annual general meeting, chairman, Mark Winlow said: "The Company's core insurance business has seen another strong start to the year, with record first quarter sales and productivity"

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He said the company's technology salary sacrifice business "also experienced a strong start to the year"

Personal Group Holdings PLC (LON:PGH) has said it is confident of achieving market expectations after an encouraging start to the year.

In a statement to be delivered at today's annual general meeting, the AIM-listed firm's chairman, Mark Winlow said: "The Company's core insurance business has seen another strong start to the year, with record first quarter sales and productivity."

READ: Personal Group sees continuation of record new insurance sales

He added: "The Company's technology salary sacrifice business, PG Let's Connect, has also experienced a strong start to the year."

The chairman pointed out that Royal Mail PLC (LON:RMG) - a key customer - launched PG Let's Connect's salary sacrifice offer to its employees on the 1 March 2018, as planned, with the offer well received, and orders exceeding initial expectations.

Winlow added: "It is a very encouraging start that has given us added confidence that PG Let's Connect will make an appropriate contribution to our 2018 results."

He also said the company's Software-as-a-Service (SaaS) offering Hapi, continues to perform as expected, with client wins such as Randstad, a global leader in HR services, as a pure 'SaaS' client with 4,300 employees.

The chairman added that the company is now in the process of gearing up for the roll out of the Sage Employee Benefits offer to Sage Group PLC's (LON:SGE) wider client base as a standalone product.

He concluded: "In recent years, the focus of the Company has been on developing and broadening its offerings. That focus has now shifted to the delivery of those offerings across all market sectors, to existing and new potential clients.

"Where we see an opportunity to add a product to our offer that is compelling and adds real value to our customers and their employees we will continue to do so."

Quick facts: Personal Group Holdings PLC

Price: 280 GBX

AIM:PGH
Market: AIM
Market Cap: £87.41 m
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Personal Group hitting some of its best productivity numbers after strong 2017

Mark Scanlon, chief executive of Personal Group Holdings plc (LON:PGH), caught up with Proactive to discuss their preliminary results for the year to the end of December 2017. 2017's been described as a 'strong' year across much of the Group's operations with underlying earnings (EBITDA)...

on 21/3/18

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