Quindell Plc provided guidance for the full year 2014. The Board is confident of meeting all its key performance indicators for full year market expectations (cash conversion, adjusted EBITDA and adjusted EPS) on full year revenue guidance of £800 million to £900 million. The company's success in driving down the cost of insurance claims and maintaining or improving its cash margin reduces turnover without claims volume reduction whilst increasing EBITDA margin %.

The Board continues to be selective, turning away business to control growth and optimising cash flow £800 - £900 million of revenue provides the opportunity to exceed prior cash guidance in second half of 2014. All of the above results in the Board's future EBITDA margin guidance increasing to 35% to 40%.