Trading Update

RNS Number : 9886K

Plus500 Limited

01 July 2014

 



Final Release

1 July 2014

Plus500 Ltd.

("Plus500" or "the Company")

Trading Update

Plus500 Ltd. (AIM: PLUS), the provider of an online trading platform for retail customers to trade CFDs internationally, is pleased to announce the following trading update for the second quarter of 2014.

Despite relatively subdued market activity both revenue and profit in the quarter are expected to be ahead of market expectations.

EBITDA margins have continued to be strong, underpinned by increasing ARPU and ongoing improvements in the efficiency and effectiveness of the Company's online marketing efforts. 

These trends have more than offset a slower quarter of customer acquisition which has been particularly noticeable during recent ongoing sporting events.

Whilst it is too early to predict the outcome for the full year, with the benefit of ongoing initiatives to improve the Company's customer acquisition, retention and revenue generation the Board looks ahead with confidence.

The Company will announce interim results for the six months ended 30 June 2014 on 13 August 2014.

For further details:

Plus500 Ltd Elad Even-Chen VP Business Development and Head of Investor Relations [e-mail]	Tel: [phone]
Liberum - Nomad and Broker Chris Bowman / Thomas Bective www.liberum.com	Tel: [phone]
Buchanan Jeremy Garcia / Sophie McNulty / Clare Akhurst www.buchanan.uk.com	Tel: [phone]

 

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