Alpha Fin Markets Consulting plc Pre-close trading update (1103O)
October 06 2021 - 01:00AM
UK Regulatory
TIDMAFM
RNS Number : 1103O
Alpha Fin Markets Consulting plc
06 October 2021
6 October 2021
Alpha Financial Markets Consulting plc
('Alpha FMC' or 'Alpha' or the 'Group')
Pre-close trading update
Continuing strong momentum
Alpha FMC (AIM: AFM), a leading global provider of specialist
consultancy services to the Asset Management, Wealth Management and
Insurance industries, announces its pre-close trading update for
the six months ended 30 September 2021.
The Board is very pleased with the strong performance of the
Group in the first half of the financial year and remains confident
in achieving the Group's expectations for the full year. The good
momentum and strong pipeline carried into FY22 has continued, with
positive trading conditions in the first six months. Increased
client demand has delivered strong double-digit organic net fee
income growth compared to the first half of the prior year, with
particularly strong like for like progress in Alpha's North
American and Europe & Asia regions. Margins have also been
strong, lifted by higher than target consultant utilisation levels,
alongside an increasing but well controlled variable cost base. The
Group has also successfully delivered strong sales wins and grown
its opportunity pipeline through the first half.
The integration of Lionpoint continues to proceed as planned and
the business has performed in line with our expectations,
delivering good revenue growth since the acquisition in May.
Alpha FMC expects to report its interim results for the six
months ended 30 September 2021 on Wednesday, 24 November 2021.
E nquiries:
For further information, please contact:
+44 (0)20 7796
Alpha Financial Markets Consulting plc 9300
Euan Fraser (Global Chief Executive Officer)
John Paton (Chief Financial Officer)
Investec Bank plc - Nominated Adviser, Joint +44 (0)20 7597
Corporate Broker 4000
Patrick Robb
James Rudd
Harry Hargreaves
+44 (0)20 3207
Berenberg - Joint Corporate Broker 7800
Chris Bowman
Toby Flaux
Alix Mecklenburg-Solodkoff
+44 (0)20 3757
Camarco - Financial PR 4980
Edward Gascoigne-Pees
Jake Thomas
+44 (0)7407
Prism Cosec - Company Secretary 733 518
Sally Chandler
This announcement contains inside information as defined in
Article 7 of the Market Abuse Regulation No. 596/2014.
About Alpha FMC:
Alpha is a leading global provider of specialist consultancy
services to the asset management, wealth management and insurance
industries. With over 550 consultants across 15 offices spanning
the UK, Europe, North America and APAC, Alpha has the largest
dedicated team in the industry. Alpha has provided consultancy
services to over 550 clients, including 90 per cent of the 20
largest global asset managers by AUM and a range of other buy-side
firms.
- ENDS -
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