Reduced car claims volumes but RSA renewed contract
Car crash repairer Nationwide has said that despite a decline in claims volumes it expects results for the year to be in line with market expectations.
It has nil borrowings and expects to show net cash of approximately £8m, ahead of the last year's net cash position of £5.4m.
Directors intend to propose a final dividend of 3.3p per share, maintaining the dividend for the full year at last year's level of 5p per share.
RSA win helped
The recent renewal of Nationwide's contract with RSA will help to underpin the Company's trading performance in the new financial year and beyond, Nationwide said.
It clans a £1m investment this year to support its growth strategy. Long term prospects are good the board said. The Company's preliminary results for the year ended 31 December 2009 are expected to be announced on 22 March 2010.
Websites
