Trading Statement

RNS Number : 6372Z

IG Group Holdings plc

31 May 2016

 

31 May 2016

IG GROUP HOLDINGS PLC
Pre Close Trading Update

IG Group ("IG", "the Company"), a global leader in online trading, today issues the following Trading Update for the final quarter of the financial year ending 31 May 2016, ahead of entering its close period on 1 June 2016.

IG performed well during what was a relatively quiet fourth quarter of the year in financial markets, with all key operating and financial metrics remaining strong.  As outlined in the third quarter trading update, this continued robust performance has resulted in higher variable operating costs in the last part of the year, including an increase in online marketing spend, where the payback remains compelling.  This cost increase was more than offset by the ongoing strength in trading revenue, meaning the Company now expects full year earnings to be slightly ahead of expectations.

There is no conference call scheduled for today, but the Investor Relations team will be available to answer questions.

The financial results for the year ended 31 May 2016 will be announced on Tuesday 19 July 2016.  There will be a presentation for institutional investors and analysts at 9.30am (UK time) at the Group's offices at Cannon Bridge House, Dowgate Hill, London EC4R 2YA; those wishing to attend the presentation should contact Jessica Colman at [e-mail] or on 020 3727 1102.

For further information, please contact:

IG Group

Kieran McKinney
Head of Investor Relations      020 7573 0026                        [e-mail]

FTI Consulting

Neil Doyle / Ed Berry               020 3727 1141 / 1046

IG is a global leader in online trading, providing fast and flexible access to over 10,000 financial markets - including shares, indices, forex, commodities and binaries. 

Established in 1974 as the world's first financial spread betting firm, IG's aim is to become the default choice for active traders globally. It is an award-winning multi-platform trading company, the world's No.1 provider of CFDs* and a global leader in forex, and it now offers an execution-only stockbroking service in the UK, Ireland, Germany, Austria and the Netherlands.

It is a member of the FTSE 250, with offices across Europe, Africa, Asia-Pacific, the Middle East and the US, where it offers limited risk derivatives contracts via the Nadex brand.

*Based on revenue excluding FX, from published financial statements, September 2015.

 

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