Share Name Share Symbol Market Type Share ISIN Share Description
Begbies Traynor Group Plc NEX:BEG.GB NEX Ordinary Share GB00B0305S97
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 83.00p 76.00p 88.00p 85.96p 83.00p 83.00p 17,237 16:30:08
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
- - - -

Begbies Traynor Group PLC Full Year 2019 Trading Update

07/05/2019 7:01am

UK Regulatory (RNS & others)


Begbies Traynor (NEX:BEG.GB)
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6 Months : From Apr 2019 to Oct 2019

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RNS Number : 1114Y

Begbies Traynor Group PLC

07 May 2019

7 May 2019

Begbies Traynor Group plc

Full Year 2019 Trading Update

Begbies Traynor Group plc (the "Group"), the business recovery, financial advisory and property services consultancy, today issues a trading update for its full year ended 30 April 2019, ahead of announcing its annual results on 9 July 2019.

The Group performed strongly in the final quarter of the financial year, as a result of which we now expect our revenue and profit for the financial year as a whole to be comfortably ahead of market expectations. This was driven by a number of successful fee realisations combined with continuing strong performance from both operating divisions.

Cash collection in the period was significantly ahead of our expectations, which has resulted in a year end net debt position of GBP6m.

The integration of our recent acquisitions is proceeding well and their trading in the initial post-acquisition period is in line with our expectations.

Ric Traynor, Executive Chairman of Begbies Traynor Group plc, commented:

"We have had a successful end to our financial year with our results anticipated to be comfortably ahead of market expectations. We enter the new financial year with a strong order book and favourable market conditions, and are well placed to continue our track record of earnings growth."

Enquiries please contact:

Begbies Traynor Group plc 0161 837 1700

Ric Traynor - Executive Chairman

Nick Taylor - Group Finance Director

Canaccord Genuity Limited 020 7523 4588

(Nominated Adviser and Joint Broker)

Sunil Duggal / Chris Connors

Shore Capital 020 7408 4090

(Joint Broker)

Mark Percy / Anita Ghanekar

MHP Communications 020 3128 8100

Reg Hoare / Katie Hunt

Information on Begbies Traynor Group can be accessed via the Group's website at

www.begbies-traynorgroup.com

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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May 07, 2019 02:01 ET (06:01 GMT)

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