Alpha Fin Markets Consulting plc Pre-close trading update (4103C)

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RNS Number : 4103C

Alpha Fin Markets Consulting plc

11 October 2022

11 October 2022

Alpha Financial Markets Consulting plc

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

Pre-close trading update

Continuing strong momentum

Alpha FMC (AIM: AFM), a leading global provider of specialist consultancy services to the Asset Management, Wealth Management and Insurance industries, announces its scheduled pre-close trading update for the six months ended 30 September 2022.

The Board is very pleased with the strong performance of the Group in the first half of the financial year. The good momentum and strong pipeline carried into FY 23 has continued, with positive trading conditions in the first six months. Ongoing client demand globally has delivered strong double-digit organic net fee income growth compared to the first half of the prior year, with particularly good progress in Alpha's North America region, including Lionpoint which continues to trade strongly, and we continue to invest in the team globally. Adjusted EBITDA has also grown strongly, at good margins consistent with FY 22. The Group has also successfully continued to deliver excellent sales wins and has maintained a healthy opportunity pipeline through the first half.

While cognisant of the increasingly uncertain global political and macro-economic backdrop, the Board remains confident in achieving market expectations for the full year.

Alpha FMC expects to report its interim results for the six months ended 30 September 2022 on Wednesday, 23 November 2022.

E nquiries :

For further information, please contact:

 
                                                 [phone] 
 Alpha Financial Markets Consulting plc           9300 
 Euan Fraser (Global Chief Executive Officer) 
  John Paton (Chief Financial Officer) 
 Investec Bank plc - Nominated Adviser, Joint    [phone] 
  Corporate Broker                                4000 
 Patrick Robb 
  James Rudd 
  Harry Hargreaves 
                                                 [phone] 
 Berenberg - Joint Corporate Broker               7800 
 Chris Bowman 
  Toby Flaux 
  Alix Mecklenburg-Solodkoff 
                                                 [phone] 
 Camarco - Financial PR                           4980 
 Edward Gascoigne-Pees 
  Georgia Edmonds 
                                                 +44 (0)7407 
 Prism Cosec - Company Secretary                  733 518 
 Sally Chandler 
 

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

About Alpha FMC:

Headquartered in the UK and quoted on the AIM of the London Stock Exchange, Alpha is a leading global provider of specialist consultancy services to the asset management, wealth management and insurance industries.

Alpha has worked with all of the world's top 20 and 76% of the world's top 50 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 750 consultants globally, operating from 16 client-facing offices spanning the UK, North America, Europe and APAC.

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October 11, 2022 02:00 ET (06:00 GMT)