Sanne Group PLC Trading Statement (5236V)
January 31 2017 - 1:00AM
UK Regulatory
TIDMSNN
RNS Number : 5236V
Sanne Group PLC
31 January 2017
31 January 2017
Sanne Group plc
("Sanne" or "the Group")
Trading Update and Notice of Results
Sanne, the specialist provider of outsourced corporate and fund
administration, reporting and fiduciary services, today provides a
trading update following the Group's financial year end on 31
December.
Following the trading statement provided on 30 November 2016,
contained within the announcement of the acquisition of IFS, the
Group has enjoyed continued momentum in the final month of the year
and further benefited from a slightly better than expected
performance in the US business, FAS. In addition, the Group has
also seen a slightly lower than expected interest cost and a lower
effective tax rate when averaged across the Group's 14
jurisdictions.
As a result of the trading position referenced above the Group
expects to report an underlying operating profit for the year ended
31 December 2016 marginally ahead of the Board's previous
expectations and, given the Group's interest and tax position, to
report normalised earnings per share materially ahead of its
previous expectations.
The Group will announce its full year results for the year to 31
December 2016 on 29 March 2017.
Enquiries:
Sanne Group plc
Dean Godwin, Chief Executive
Officer
Spencer Daley, Chief Financial
Officer +44 (0) 1534 722 787
Investec Bank plc
Garry Levin / James Ireland
Edward Thomas / Matt Lewis +44 (0) 20 7597 5970
Tulchan Communications LLP
Tom Murray
Stephen Malthouse +44 (0) 20 7353 4200
This information is provided by RNS
The company news service from the London Stock Exchange
END
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