Equiniti Group PLC TRADING UPDATE AND CAPITAL MARKETS DAY (7629P)
November 22 2016 - 1:01AM
UK Regulatory
TIDMEQN
RNS Number : 7629P
Equiniti Group PLC
22 November 2016
22 November 2016
EQUINITI GROUP PLC - TRADING UPDATE AND CAPITAL MARKETS DAY
Equiniti is today hosting a Capital Markets Day which will focus
on the key assets of the business. Ahead of the event the Group is
pleased to issue the following trading update for the period 1 July
2016 to 22 November 2016.
TRADING
Trading in the period has been encouraging and the Board is
confident of delivering in line with market expectations for full
year 2016.
We continue to grow the breadth of services delivered to our
existing clients and notable new business includes an estate and
probate administration service contract with a leading UK bank and
KYC and customer on-boarding services with two international
banks.
New client activity has been encouraging and we are pleased to
welcome new clients including Admiral, Biffa, GoCompare and
Retirement Advantage.
OUTLOOK
The business trends we experienced in the first half of the year
have continued in the period. Demand for our technology and
compliance-led services remains robust as the majority of our
products and services are non-discretionary. We continue to
maintain good relationships with our clients and, together with a
continual focus on operating improvement and disciplined approach
to capital allocation, gives the Board confidence we will deliver
in line with market expectations for full year 2016.
CAPITAL MARKETS DAY - FOCUS ON KEY ASSETS
The Group will host a Capital Markets Day presentation at 1pm
today. There will be a conference call and live webcast of the
event. This will be available live via www.equiniti.com with a
replay facility available within 24 hours of the presentation.
Alternatively, a conference call facility will be available as
follows:
Participant dial-in: UK +44 (0) 20 3003 2666
US +1 212 999 6659
Password: Equiniti
Note: Market expectations for Full Year 2016 are recorded
as:
Revenue GBP390m; EBITDA GBP91m; EBITDA Margin 23.4%; Leverage
2.7x EBITDA.
For further information please contact:
Analyst/Investor enquiries:
Equiniti Group plc Guy Wakeley, Chief Executive Officer +44 (0)
207 469 1811
John Stier, Chief Financial Officer
Frances Gibbons, Head of Investor Relations
Media enquiries:
Temple Bar Advisory Alex Child-Villiers + 44 (0) 7795 425580
Will Barker + 44 (0) 7827 960151
Forward-looking statements
This announcement contains forward-looking statements regarding
Equiniti. These forward-looking statements are based on current
information and expectations, and are subject to risks and
uncertainties, including market conditions and other factors
outside of Equiniti's control. Readers are cautioned not to place
undue reliance on the forward-looking statements contained herein,
which speak only as of the date hereof. Equiniti undertakes no
obligation to publicly update any forward-looking statement
contained in this release, whether as a result of new information,
future developments or otherwise, except as may be required by
law.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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