February 8, 2018 / 7:04 AM / 5 months ago

BRIEF-AA expects FY core profit of 390-395 mln stg

Feb 8 (Reuters) - Aa Plc:

* PRE-CLOSE TRADING UPDATE

* ‍TRADING EBITDA IN-LINE WITH GUIDANCE​

* ‍WE EXPECT TO DELIVER TRADING EBITDA IN LINE WITH GUIDANCE OF BETWEEN £390M AND £395M AS PROVIDED IN SEPTEMBER 2017​

* ‍WE ACHIEVED 6% GROWTH IN MOTOR POLICIES TO 629,000 WHICH OFFSET EXPECTED 5% DECLINE IN HOME POLICIES TO 818,000​

* ‍WE EXPECT FURTHER GROWTH IN MOTOR POLICY BOOK​

* ‍IN-HOUSE UNDERWRITER CONTINUES TO GROW RAPIDLY AND NOW HAS 407,000 POLICIES IN FORCE, JUST OVER HALF OF WHICH ARE MOTOR POLICIES​ Source text for Eikon: Further company coverage:

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