Equiniti Group PLC AGM AND TRADING UPDATE (1856D)
April 25 2017 - 1:00AM
UK Regulatory
TIDMEQN
RNS Number : 1856D
Equiniti Group PLC
25 April 2017
25 April 2017
EQUINITI GROUP PLC - AGM AND TRADING UPDATE
Equiniti Group plc ("Equiniti" or "the Group"), the specialist
technology outsourcer providing non-discretionary payment and
administration services, is holding its Annual General Meeting
today and is issuing the following trading update covering progress
to date in 2017.
TRADING
The year has started well and the Board is confident of
delivering in line with market expectations for full year 2017.
The Group continues to grow through business won both from
existing and new clients. The length and diversity of our client
relationships is a key differentiator of our business and we have
continued to retain 100% of our clients. We have renewed or
extended relationships with clients such as Santander, Imperial
Brands, National Express, TalkTalk and most recently, our
relationship with the NHS, a client of the Group since 1948.
New client wins have also been encouraging and we are pleased to
have secured new clients across all of our divisions including
Sainsbury's, House of Fraser and a partnership with Aon Hewitt.
OUTLOOK
Our objective remains to deliver organic growth supplemented by
growth from capability enhancing acquisitions each year. The
dependability of our revenues, the platform nature of our
operations and progressive deleveraging will enable us to grow
profits and earnings ahead of revenue.
We continue to make progress against this strategy with multiple
opportunities for future growth.
Commenting on the Group's results, Guy Wakeley, Chief Executive,
said:
"Equiniti's continuing leadership in its target markets is
underpinned by the quality of our teams and our proprietary
technology, and increasingly evidenced by new outsourcings and wins
from our competitors. Our strategy of specialism and focus allows
us to grow market share whilst building resilience and presents
multiple opportunities for future growth."
For further information please contact:
Analyst/Investor enquiries:
Equiniti Group plc Guy Wakeley, Chief Executive +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
AGMIIMRTMBATBRR
(END) Dow Jones Newswires
April 25, 2017 02:00 ET (06:00 GMT)
Equiniti (LSE:EQN)
Historical Stock Chart
From Apr 2024 to May 2024
Equiniti (LSE:EQN)
Historical Stock Chart
From May 2023 to May 2024