Equiniti Group PLC TRADING UPDATE AND CAPITAL MARKETS DAY (7629P)

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          [phone] 
   US          [phone] 
   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 [phone]

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

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November 22, 2016 02:01 ET (07:01 GMT)