Alpha Fin Markets Consulting plc Trading Update (5494H)

TIDMAFM

RNS Number : 5494H

Alpha Fin Markets Consulting plc

07 April 2022

7 April 2022

Alpha Financial Markets Consulting plc

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

Pre-close trading update

Ahead of expectations

Alpha FMC (AIM: AFM), a leading global provider of specialist consultancy services to the Asset Management, Wealth Management and Insurance industries, announces its pre-close trading update for the financial year ended 31 March 2022.

The Board is delighted with the strong performance of the Group this year and expects to report FY22 Revenue and Adjusted EBITDA significantly ahead of current market expectations.

Group trading has continued to be very positive, with particularly strong client demand across all of its major geographic asset management and insurance consulting geographies, with North America continuing its excellent performance. Increased client demand has delivered strong double-digit organic net fee income growth compared to the prior year. Margins continue to be strong, lifted by higher than target consultant utilisation levels given client demand, alongside an increasing but well controlled variable cost base. The Group has also continued to deliver strong sales wins and grown its opportunity pipeline through the year.

Lionpoint continues to trade strongly, delivering good revenue growth since the acquisition in May and investment in the Lionpoint team continues.

Euan Fraser, Global CEO of Alpha FMC, commented:

"I am delighted with Alpha's fantastic performance this year, with the Group's double digit organic growth being complemented by Lionpoint's ongoing strong progress since acquisition. All our teams deserve a huge thank you for such a tremendous year.

We enter FY23 with a strong balance sheet and ongoing trading momentum. While we remain positive that the medium-term underlying industry trends will continue to drive ongoing change programme client demand globally for Alpha, we are also mindful of the ongoing inflationary backdrop and geopolitical uncertainties. With a clear strategy focused on long-term high quality growth markets, we look forward to further progress."

Alpha FMC expects to report its results for the year ended 31 March 2022 on Wednesday, 23 June 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 
  Jake Thomas 
                                                 +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:

Alpha is a leading global consultancy to the Asset Management, Wealth Management and Insurance industries. With over 650 consultants across 15 offices spanning the UK, Europe, North America and APAC, Alpha has the largest dedicated team in the industry. Alpha has provided specialist consulting services to over 650 clients, including 95 per cent of the 20 largest global asset managers by AUM and a range of other buy-side firms.

- ENDS -

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 [e-mail] or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

TSTBKABQOBKDNQK

(END) Dow Jones Newswires

April 07, 2022 02:01 ET (06:01 GMT)