Alpha Fin Markets Consulting plc Pre-close trading update (4103C)
October 11 2022 - 1:00AM
UK Regulatory
TIDMAFM
RNS Number : 4103C
Alpha Fin Markets Consulting plc
11 October 2022
11 October 2022
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 scheduled pre-close trading
update for the six months ended 30 September 2022.
The Board is very pleased with the strong performance of the
Group in the first half of the financial year. The good momentum
and strong pipeline carried into FY 23 has continued, with positive
trading conditions in the first six months. Ongoing client demand
globally has delivered strong double-digit organic net fee income
growth compared to the first half of the prior year, with
particularly good progress in Alpha's North America region,
including Lionpoint which continues to trade strongly, and we
continue to invest in the team globally. Adjusted EBITDA has also
grown strongly, at good margins consistent with FY 22. The Group
has also successfully continued to deliver excellent sales wins and
has maintained a healthy opportunity pipeline through the first
half.
While cognisant of the increasingly uncertain global political
and macro-economic backdrop, the Board remains confident in
achieving market expectations for the full year.
Alpha FMC expects to report its interim results for the six
months ended 30 September 2022 on Wednesday, 23 November 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
Georgia Edmonds
+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:
Headquartered in the UK and quoted on the AIM of the London
Stock Exchange, Alpha is a leading global provider of specialist
consultancy services to the asset management, wealth management and
insurance industries.
Alpha has worked with all of the world's top 20 and 76% of the
world's top 50 asset managers by AUM, along with a wide range of
other buy-side firms. It has the largest dedicated team in the
industry, with over 750 consultants globally, operating from 16
client-facing offices spanning the UK, North America, Europe and
APAC.
- ENDS -
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END
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