Lighthouse Group PLC Trading Update (6787B)

TIDMLGT

RNS Number : 6787B

Lighthouse Group PLC

12 January 2018

 
   12 January 2018 
 

The information communicated in this announcement is inside information for the purposes of Article 7 of Regulation 596/2014

Lighthouse Group plc

("Lighthouse" or the "Group")

Trading update

Lighthouse Group plc (AIM: LGT), the national financial adviser of choice for Middle Britain, is pleased to announce that for its financial year ended 31 December 2017 it expects to report revenue, EBITDA and profit before taxation ahead of market expectations. This performance was driven by both an increase in business derived from the Group's affinity connections and from higher levels of average annualised revenue production per adviser across all of the Group's divisions.

The Group will report its full audited results for the year ended 31 December 2017 on 20 February 2018.

Malcolm Streatfield, Chief Executive Officer of Lighthouse commented: "The anticipated results for 2017 reflect the continuing and increasing importance of the valuable relationships the Group has developed with its affinity partners, with 15,000 new client engagements undertaken during the year, as well as the on-going professionalism and effectiveness of the advisers across the Group's operations. I look forward to reporting in full on the Group's results for 2017 in due course."

For further information, please contact:

 
 Lighthouse Group plc 
 Richard Last, Chairman                                Tel: [phone] 
  Malcolm Streatfield,                                                 5640 
  Chief Executive 
  Peter Smith, Finance 
  Director 
                                          [e-mail] 
                                                 www.lighthousegroup.plc.uk 
 
   finnCap Limited                                     Tel: [phone] 
                                                                       0500 
 (Nominated Adviser to 
  the Company) 
 Adrian Hargrave 
 Emily Watts 
  Hannah Boros 
 
   Media enquiries: 
 IFC Advisory Limited 
 Graham Herring                                        Tel: [phone] 
  Tim Metcalfe                                                         6630 
  Heather Armstrong 
 [e-mail]            www.investor-focus.co.uk 
 

About Lighthouse Group plc

Lighthouse has been listed on AIM since 2000 as an integrated financial services company for investors, coupled with significant scale in terms of distribution through financial advisers and wealth managers and its fully diversified business model.

As one of the UK's largest autonomous financial advice and wealth management groups, Lighthouse provides a comprehensive range of services to businesses and individuals and is retained by most of the major trades unions and other affinity groups to advise their combined memberships of over 6 million members.

The Group aims to increase its relationships with, and the benefits it derives from, its relationships with affinity groups and professional partners.

In addition to a wide range of financial advice, the Group has developed innovative products to meet the specific needs of its retail and corporate customers in the asset management and auto-enrolment sectors.

Lighthouse operates from its headquarters in London as well as having principal operating offices in Stockport and Woodingdean, near Brighton.

For more information please visit: http://www.lighthousegroup.plc.uk/

This information is provided by RNS

The company news service from the London Stock Exchange

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January 12, 2018 02:00 ET (07:00 GMT)