Interim Management Statement

 

TIDMWCW 
 
RNS Number : 8304V 
Walker Crips Group plc 
17 July 2009 
 

Walker Crips Group plc 
 
 
Interim Management Statement 
 
 
Walker Crips Group plc ("WCG" or the "Group"), the integrated financial services 
group, is issuing an Interim Management Statement to coincide with its Annual 
General Meeting which is taking place today, 17 July 2009, at 12.00 pm at 
Armourers' Hall, 81 Coleman Street, London EC2R 5BJ. The statement relates to 
the trading quarter ended 30 June 2009 (the "Quarter") unless otherwise stated. 
 
 
The subdued level of market activity continued into the new fiscal year. 
However, as highlighted in the Group's preliminary results announced on 4 June 
2009, WCG saw signs of an improvement in trading conditions during the Quarter. 
Performance over the Quarter was comfortably in line with the Board's 
expectations. 
 
 
WCG's revenue over the Quarter of GBP3.96m increased by 3% compared with the 
GBP3.85m achieved in the previous quarter to 31 March 2009 but was down 9% when 
compared with the same quarter last year. This quarter on quarter increase in 
revenue is reflective of the improved trading conditions witnessed during the 
last few months. 
 
 
Non-broking revenue expressed as a percentage of total income, WCG's main key 
performance indicator, improved to 51.9% during the Quarter (quarter to 30 June 
2008: 50.0%). 
 
 
The Group's fund management subsidiary (WCAM) continued to grow its funds under 
management (FUM) and remains highly ranked compared to its competitors. FUM 
increased by 13% over the Quarter to stand at GBP433m at 30 June 2009 (31 March 
2009: GBP383m). 
 
 
Overheads continue to be closely monitored and savings are being made where 
possible. There have been no significant changes to the balance sheet since the 
year end and WCG remains in a strong financial position. 
 
 
The Board is encouraged by WCG's performance during the financial year to date 
and remains confident that WCG is well positioned to capitalise on any sustained 
market recovery. 
 
 
Enquiries: 
 
 
+------------------------------------+-----------------------------------+ 
| Walker Crips Group plc             | Tel: [phone]          | 
| Rodney FitzGerald, Chief Executive |                                   | 
| Stephen Bailey, Investment         |                                   | 
| Director                           |                                   | 
|                                    |                                   | 
+------------------------------------+-----------------------------------+ 
| Altium                             | Tel: [phone]          | 
| Tim Richardson / Katherine Hobbs   |                                   | 
+------------------------------------+-----------------------------------+ 
 
 
17 July 2009 
 
 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
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