Buoyant sales growth European expansion Launch into the extended warranty market
Despite turbulent economic conditions since the summer of 2007, SPB succeeded in maintaining significant growth in 2008. Net brokerage fees rose by 12.6 per cent to €60.6 million, compared with €53.8 million in 2007. This increase consolidates the previous years’ gains and is well ahead of the 7 per cent average growth rate for the brokerage market. SPB’s operating profit is expected to reach €5 million under the new International Financial Reporting Standards (IFRS).
