Alpha Fin Markets Consulting plc Pre-close trading update (8286V)

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RNS Number : 8286V

Alpha Fin Markets Consulting plc

11 April 2019

11 April 2019

Alpha Financial Markets Consulting plc

('Alpha FMC', 'Alpha', the 'Company' or 'Group')

Pre-close trading update

Alpha FMC (AIM: AFM), a leading global provider of specialist consultancy services to the Asset and Wealth Management industry, is pleased to provide its pre-close trading update before reporting its full year results for the year ending 31 March 2019.

Alpha FMC has performed well in the year with both revenue and Adjusted EBITDA expected to be ahead of the last financial year and in-line with current full year market expectations.

Euan Fraser, Global CEO of Alpha FMC, commented:

"We are pleased that Alpha has made further good progress in its second year as a public company. Alpha recently launched its twelfth practice, Exchange Traded Funds & Indexing, and opened its tenth office, located in Zurich, as we continue to grow our international reach. We believe both expansions offer exciting potential.

The underlying industry trends of cost reduction, increasing regulation and increasing assets under management remain firmly in place, driving ongoing change programmes globally. Alpha FMC offers a compelling, quality-driven range of consulting services and continues to be well placed to advise and best assist our clients' needs."

Alpha FMC expects to report its full year results to 31 March 2019 on 5 June 2019.

A results presentation from Alpha will take place at 9.30 a.m. on the day at Berenberg's offices, 60 Threadneedle Street. Those wishing to attend should email [e-mail]. A copy of the presentation slides will be available on the company website for those unable to attend.

The full year results will be available at http://investors.alphafmc.com/reports-and-presentations on the day.

Enquiries:

 
 Alpha Financial Markets Consulting plc         [phone] 
 Euan Fraser, Global Chief Executive Officer 
  John Paton, Chief Financial Officer 
 
 Temple Bar Advisory 
                                                [phone] 
 Alex Child-Villiers                             580 
                                                [phone] 
 William Barker                                  151 
                                                [phone] 
 Sam Livingstone                                 437 
 
 Grant Thornton UK LLP (Nominated Adviser)      [phone] 
 Philip Secrett 
  Richard Tonthat 
  Harrison Clarke 
 
 Berenberg (Broker)                             [phone] 
 Chris Bowman 
  Toby Flaux 
  Alix Mecklenburg-Solodkoff 
 

This announcement contains inside information as defined in Article 7 of the Market Abuse Regulation No. 596/2014.

About Alpha FMC:

Alpha FMC is a leading global provider of specialist consultancy services to the asset and wealth management industry. Alpha FMC has worked with 85% of the world's top 20 asset managers by AUM, along with a wide range of other buy-side firms. It has the largest dedicated team in the industry, with over 350 consultants and contractors globally, operating from ten offices spanning the UK, Europe, the US and Asia.

ENDS

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April 11, 2019 02:00 ET (06:00 GMT)