CPP ‘is now what it set out to be’ after transformation programme

CPP Group believes it now has a solid foundation in place after delivering on significant changes within the business.
Leeds-based CPP, which provides assistance and insurance products, has endured a difficult few years that has required the group to be transformed.
It told shareholders today that “the group, post the completion of the Change Management Programme, is now what it set out to be some two years ago, a digitally focused business led by Blink and supported by CPP India and CPP Turkey”.
CPP has today reported its 2024 revenues and profits will be in line with current market estimates. Revenues will be around £156m and EBITDA, a measure of operating profitability, will be £1.4m.
Blink is an InsurTech business with a platform that allows high frequency, low value claims across the travel sector, with flight delay and lost luggage solutions. It is also developing solutions within the travel weather sector, business interruption and online personal data monitoring and cyber solutions.
Simon Pyper, chief executive of CPP Group, said: “We made good progress in 2024, delivering solid results despite challenging conditions and successfully completing the Change Management Programme initiated in October 2022. The Group is now what it set out to be two years ago; a digitally focused business led by Blink and supported by CPP India and CPP Turkey.
“Blink continues to make real progress, partnering with some the world’s leading global and regional insurers and has a healthy pipeline of new opportunities.
“Blink now provides travel disruption and cyber solutions to 28 partners across 22 geographies. With a solid foundation in place and momentum continuing to build, the board is confident Blink is poised for long-term success.”