Hargreaves Lansdown PLC
25 June 2007
HARGREAVES LANSDOWN PLC
Notice of Preliminary Results for the Period Ended 30 June 2007
Hargreaves Landsdown plc will be announcing its preliminary results for the
period ended 30 June 2007 on Monday 03 September 2007.
There will be an analyst presentation to discuss the results at 11:00am on 03
September 2007 at Financial Dynamics, Holborn Gate, 26 Southampton Buildings,
London WC2A 1PB.
The presentation will be accessible via a conference call for those unable to
attend in person. A web cast of the presentation will be available following the
meeting on the Hargreaves Lansdown website at www.h-l.co.uk.
Those analysts wishing to attend or to register for the conference call are
asked to contact Robert Bailhache / Nick Henderson at Financial Dynamics on +44
20 7269 7200 / +44 20 7269 7114 or at robert.bailhache@fd.com /
nick.henderson@fd.com.
For further information, please contact:
Financial Dynamics +44 (0)20 7269 7114
Robert Bailhache
Nick Henderson
About Hargreaves Lansdown
• Hargreaves Lansdown is a leading provider of investment management
products and services to private investors in the UK.
• Founded in 1981 by Peter Hargreaves and Stephen Lansdown, Hargreaves
Lansdown has established a reputation for providing high quality client
service and value-for-money products to private investors. The Company has
over 350,000 active clients.
• The Group's flagship service, Vantage, is a direct-to-private investor
fund supermarket and wrap platform. The Vantage wrap platform offers clients
the administrative convenience of being able to hold and manage their
investments, including unit trusts, OEICs, equities, bonds, investment
trusts and cash, irrespective of the tax vehicle, in one place with
consolidated valuation reports, a single dealing service and instant online
access. In addition, the Group aims to deliver highly competitive pricing,
providing more than £75 million in fund discounts and rebates to clients in
the 2006 calendar year.
• As at 31 March 2007, Vantage administered approximately £7.4 billion of
assets directly on behalf of private investors. By this measure, the
directors of Hargreaves Lansdown believe that Vantage is the largest direct
fund supermarket and wrap platform for the private investor in the UK.
• Hargreaves Lansdown also manages £1.1 billion of funds through PMS, the
Group's discretionary portfolio management service, and Hargreaves
Lansdown's own range of multi-manager funds, of which some £400 million is
held within Vantage.
• In total, Hargreaves Lansdown has approximately £8.3 billion of assets
under administration on behalf of private investors.
• The Group also provides independent financial advisory and stockbroking
services to private investors and advisory services to companies in respect
of group pension schemes.
• Hargreaves Lansdown has an established record of delivering strong
financial performance:
- In its most recent financial year, ended 30 June 2006, the Group
recorded a 46% increase in turnover to £73.5 million and an 85% increase in
underlying group operating profit (excluding exceptional, non-recurring
administrative expenses) to £24.3 million.
- In the six months to 31 December 2006, the Group recorded a 35%
increase in turnover to £43.3 million and a 58% increase in underlying group
operating profit to £17.2 million.
- Overall, the Group has achieved a compound annual growth in revenues of
20% over the last decade and 29% over the last three years.
• The Group is based in Bristol and had 655 employees as at 31 March 2007.
This information is provided by RNS
The company news service from the London Stock Exchange
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