Hargreaves Lansdown PLC Trading Statement (4803S)
March 17 2021 - 02:00AM
UK Regulatory
TIDMHL.
RNS Number : 4803S
Hargreaves Lansdown PLC
17 March 2021
Hargreaves Lansdown
Trading update
17 March 2021
Hargreaves Lansdown plc ('the Group') today publishes a trading
update in respect of the early months of H2 2021.
On 1 February 2021, the Group announced interim results for the
six months ending 31 December 2020 (H1 2021). This was a period of
very strong growth, reflecting the benefits of investing into our
client-focused strategy over the past three years, driving growth
through the cycle and further deepening the lifelong relationship
we have built with clients. The Group also noted that trading in
January had been similar to previous lockdown periods with strong
dealing volumes, significant engagement from clients and robust net
new business and net new client numbers.
The Group has continued to see elevated volumes of share dealing
since the end of January with an increased proportion of these
directed towards international equities, driven by interest in US
stocks from existing clients. As a result, the Group now expects
Profit Before Tax for the financial year ending 30 June 2021 (on a
post-Financial Services Compensation Scheme (FSCS) levy basis) to
be modestly above the top end of analyst expectations(1) .
The Group expects to provide further information when it
produces its scheduled trading update on 13 May 2021 for the four
months ending 30 April 2021.
(1) Current range of company-collected analyst expectations for
FY 2021 Profit Before Tax are GBP334m to GBP360m.
Contacts:
Investors Media
Philip Johnson, Chief Financial Nick Cosgrove, Brunswick Group
Officer +44(0)207 404 5959
James Found, Head of Investor
Relations
+44(0)7970 066634
Forward looking statements
This announcement contains forward-looking statements with
respect to the financial condition, results and business of the
Group. By their nature, forward-looking statements involve risk and
uncertainty because they relate to events, and depend on
circumstances, that will occur in the future. The Group's actual
results may differ materially from the results expressed or implied
in these forward-looking statements. Nothing in this announcement
should be construed as a profit forecast. This announcement is
unaudited. This statement should not be seen as a promotion or
solicitation to buy Hargreaves Lansdown plc shares. It should be
remembered that the value of shares can fall as well as rise and
therefore you could get back less than you invested.
LEI Number: 2138008ZCE93ZDSESG90
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END
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