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    CPP   GB00BMDX5Z93

CPPGROUP PLC

(CPP)
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CPP Group Says Foreign Currency Dented 1st Half Revenue, EBITDA -- Currency Comment

08/24/2021 | 07:51am EDT

By Paulo Trevisani

British personal-protection firm CPP Group said Tuesday that currency conversions had a negative impact on its first-half results.

The company, which provides services such as cyber risk management, warranty and mobile phone insurance and payment card protection in several countries, said foreign exchange movements had a negative impact of GBP4.6 million ($6.31 million) on revenue, compared to GBP1.4 million in the first half of 2020, and a GBP500,000 negative impact on earnings before interest, taxes, depreciation and amortization, versus GBP100,000 a year ago.

CPP reported a 10% increase in revenue to GBP66.4 million in the first half versus a year earlier, while EBITDA increased 37% to GBP2.6 million.

The Leeds-based company said the average exchange rate for the Indian rupee in the first half of 2021 was 101.78, for the Turkish lira it was 11.20, for the euro 1.15, for the Mexican peso 28.17 and for the Chinese yuan the average rate was 8.96.

"The average exchange rates in H1 2021 have weakened against sterling compared to H1 2020 which has resulted in adverse exchange movements in the reported results," CPP said.

Write to Paulo Trevisani at paulo.trevisani@wsj.com

(END) Dow Jones Newswires

08-24-21 0951ET

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Financials
Sales 2021 144 M 198 M 198 M
Net income 2021 - - -
Net cash 2021 15,9 M 21,9 M 21,9 M
P/E ratio 2021 -
Yield 2021 7,04%
Capitalization 37,6 M 51,8 M 51,8 M
EV / Sales 2021 0,15x
EV / Sales 2022 0,15x
Nbr of Employees 2 041
Free-Float 53,4%
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Technical analysis trends CPPGROUP PLC
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Income Statement Evolution
Consensus
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Mean consensus BUY
Number of Analysts 1
Last Close Price 426,00 GBX
Average target price 635,00 GBX
Spread / Average Target 49,1%
EPS Revisions
Managers and Directors
Jason Carl Walsh Chief Executive Officer & Executive Director
Oliver Walter Laird Chief Financial Officer & Executive Director
David John Morrison Non-Executive Chairman
Mark William Hamlin Senior Independent Non-Executive Director
Tim Elliott Independent Non-Executive Director
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