Alpha Fin Markets Consulting plc Trading Update (5494H)
April 07 2022 - 1:01AM
UK Regulatory
TIDMAFM
RNS Number : 5494H
Alpha Fin Markets Consulting plc
07 April 2022
7 April 2022
Alpha Financial Markets Consulting plc
('Alpha FMC' or 'Alpha' or the 'Group')
Pre-close trading update
Ahead of expectations
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 financial year ended 31 March 2022.
The Board is delighted with the strong performance of the Group
this year and expects to report FY22 Revenue and Adjusted EBITDA
significantly ahead of current market expectations.
Group trading has continued to be very positive, with
particularly strong client demand across all of its major
geographic asset management and insurance consulting geographies,
with North America continuing its excellent performance. Increased
client demand has delivered strong double-digit organic net fee
income growth compared to the prior year. Margins continue to be
strong, lifted by higher than target consultant utilisation levels
given client demand, alongside an increasing but well controlled
variable cost base. The Group has also continued to deliver strong
sales wins and grown its opportunity pipeline through the year.
Lionpoint continues to trade strongly, delivering good revenue
growth since the acquisition in May and investment in the Lionpoint
team continues.
Euan Fraser, Global CEO of Alpha FMC, commented:
"I am delighted with Alpha's fantastic performance this year,
with the Group's double digit organic growth being complemented by
Lionpoint's ongoing strong progress since acquisition. All our
teams deserve a huge thank you for such a tremendous year.
We enter FY23 with a strong balance sheet and ongoing trading
momentum. While we remain positive that the medium-term underlying
industry trends will continue to drive ongoing change programme
client demand globally for Alpha, we are also mindful of the
ongoing inflationary backdrop and geopolitical uncertainties. With
a clear strategy focused on long-term high quality growth markets,
we look forward to further progress."
Alpha FMC expects to report its results for the year ended 31
March 2022 on Wednesday, 23 June 2022.
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 consultancy to the Asset Management,
Wealth Management and Insurance industries. With over 650
consultants across 15 offices spanning the UK, Europe, North
America and APAC, Alpha has the largest dedicated team in the
industry. Alpha has provided specialist consulting services to over
650 clients, including 95 per cent of the 20 largest global asset
managers by AUM and a range of other buy-side firms.
- ENDS -
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
TSTBKABQOBKDNQK
(END) Dow Jones Newswires
April 07, 2022 02:01 ET (06:01 GMT)
Alpha Financial Markets ... (LSE:AFM)
Historical Stock Chart
From Mar 2024 to Apr 2024
Alpha Financial Markets ... (LSE:AFM)
Historical Stock Chart
From Apr 2023 to Apr 2024