IG Group Holdings plc Trading Update (6173I)
December 15 2020 - 1:00AM
UK Regulatory
TIDMIGG
RNS Number : 6173I
IG Group Holdings plc
15 December 2020
15 December 2020
LEI No: 2138003A5Q1M7ANOUD76
IG GROUP HOLDINGS PLC
H1 FY21 Trading Update
IG Group Holdings plc ("IG", "the Group", "the Company"), a
global leader in online trading, today issues its scheduled update
on its net trading revenue for the six months to 30 November 2020
("H1 FY21"), representing the first and second quarters of the
financial year ending 31 May 2021 ("FY21").
Following a very strong first quarter, the Group performed at
comparable levels in the second quarter generating revenue of
around GBP207 million (Q2 FY20: GBP120.8 million), driven by
elevated trading volumes across a larger, total active client base
of 207,000 clients in the quarter (Q2 FY20: 133,800). The Group's
active client base has now materially increased in size over the
prior year, benefitting from a continuation of strong client
acquisition. Net trading revenue for the first six months of the
current financial year is expected to be around GBP416 million (H1
FY20: GBP249.9 million).
For further information, please contact:
IG Group Investors IG Group Press FTI Consulting
Liz Scorer Ramon Kaur Ed Berry
020 7573 0727 07388 440127 07703330199
investors@ig.com press@ig.com
Disclaimer - Forward-looking statements
This statement, prepared by IG Group Holdings plc (the
"Company"), may contain forward-looking statements about the
Company and its subsidiaries (the "Group"). Such forward-looking
statements can be identified by the use of forward-looking
terminology, including the terms "believes", "projects",
"estimates", "plans", "anticipates", "targets", "aims",
"continues", "expects", "intends", "hopes", "may", "will", "would",
"could" or "should" or, in each case, their negative or other
various or comparable terminology.
Forward-looking statements involve known and unknown risks,
uncertainties, assumptions and other factors which are beyond the
Company's control and are based on the Company's beliefs and
expectations about future events as of the date the statements are
made. If the assumptions on which the Group bases its
forward-looking statements change, actual results may differ from
those expressed in such statements. There are a number of factors
that could cause actual results and developments to differ
materially from those expressed or implied by these forward-looking
statements, including those set out under "Principal Risks" in the
Company's annual report for the financial year ended 31 May 2020.
The annual report can be found on the Company's website
(www.iggroup.com).
Forward-looking statements speak only as of the date they are
made. Except as required by applicable law and regulation, the
Company undertakes no obligation to update these forward-looking
statements. Nothing in this statement should be construed as a
profit forecast.
About IG
IG empowers informed, decisive, adventurous, people to access
opportunities in over 17,000 financial markets. With a strong focus
on innovation and technology, the company puts client needs at the
heart of everything it does.
IG's vision is to provide the world's best trading experience.
Established in 1974 as one of the world's first providers of
financial derivatives to retail traders, it continued leading the
way by launching the world's first online and iPhone trading
services.
IG is an award-winning, multi-product trading company which
allows retail, professional and institutional clients to trade 24
hours a day, 7 days a week ([1]) . IG is the world's No.1 provider
of CFDs ([2]) and a global leader in forex. It provides leveraged
services with the option of limited-risk guarantees and offers an
execution-only stock trading service in the UK, Australia, Germany,
France, Ireland, Austria and the Netherlands. IG has a range of
affordable, fully managed investment portfolios, which provide a
comprehensive offering to investors and active traders.
[1] Excluding 10pm Friday (GMT) to 8am Saturday (GMT)
[2] Based on revenue excluding FX (from published financial statements, June 2020)
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