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Share Name Share Symbol Market Type Share ISIN Share Description
Hargreaves Lansdown Plc LSE:HL. London Ordinary Share GB00B1VZ0M25 ORD 0.4P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  24.50 1.42% 1,748.50 1,746.50 1,748.00 1,756.50 1,727.00 1,732.00 702,412 16:35:23
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial 55.1 378.3 66.1 26.5 8,293

Hargreaves Lansdown PLC Trading Statement

17/03/2021 7:00am

UK Regulatory (RNS & others)


Hargreaves Lansdown (LSE:HL.)
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RNS Number : 4803S

Hargreaves Lansdown PLC

17 March 2021

Hargreaves Lansdown

Trading update

17 March 2021

Hargreaves Lansdown plc ('the Group') today publishes a trading update in respect of the early months of H2 2021.

On 1 February 2021, the Group announced interim results for the six months ending 31 December 2020 (H1 2021). This was a period of very strong growth, reflecting the benefits of investing into our client-focused strategy over the past three years, driving growth through the cycle and further deepening the lifelong relationship we have built with clients. The Group also noted that trading in January had been similar to previous lockdown periods with strong dealing volumes, significant engagement from clients and robust net new business and net new client numbers.

The Group has continued to see elevated volumes of share dealing since the end of January with an increased proportion of these directed towards international equities, driven by interest in US stocks from existing clients. As a result, the Group now expects Profit Before Tax for the financial year ending 30 June 2021 (on a post-Financial Services Compensation Scheme (FSCS) levy basis) to be modestly above the top end of analyst expectations(1) .

The Group expects to provide further information when it produces its scheduled trading update on 13 May 2021 for the four months ending 30 April 2021.

(1) Current range of company-collected analyst expectations for FY 2021 Profit Before Tax are GBP334m to GBP360m.

Contacts:

 
 Investors                         Media 
 Philip Johnson, Chief Financial   Nick Cosgrove, Brunswick Group 
  Officer                           +44(0)207 404 5959 
  James Found, Head of Investor 
  Relations 
  +44(0)7970 066634 
 

Forward looking statements

This announcement contains forward-looking statements with respect to the financial condition, results and business of the Group. By their nature, forward-looking statements involve risk and uncertainty because they relate to events, and depend on circumstances, that will occur in the future. The Group's actual results may differ materially from the results expressed or implied in these forward-looking statements. Nothing in this announcement should be construed as a profit forecast. This announcement is unaudited. This statement should not be seen as a promotion or solicitation to buy Hargreaves Lansdown plc shares. It should be remembered that the value of shares can fall as well as rise and therefore you could get back less than you invested.

LEI Number: 2138008ZCE93ZDSESG90

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END

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March 17, 2021 03:00 ET (07:00 GMT)

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