Pre-Close Trading Statement

RNS Number : 3985G

Evolution Group PLC

01 February 2010

 



Embargoed until 7.00am                                                                                                                   1 February 2010

The Evolution Group PLC

(the "Evolution Group", the "Group", the "Company")

 Pre-close Trading Update

Evolution Group, the listed investment bank and private client investment management group, today issues its pre-close trading update for the financial year ending 31 December 2009.

The Group's strong performance continued into the final quarter with full year revenues more than double the previous year. Full year earnings are expected to be in line with market expectations. This strong performance reflects significant revenue momentum in all our businesses in the second half.

While the challenging economic conditions of 2009 clearly remain with us in early 2010, we remain focused on our strategy of continued growth and financial strength.

Forward looking statements

This pre-close statement may contain forward-looking statements with respect to the financial condition, results, operations and businesses of The Evolution Group PLC. Such statements and forecasts involve risk and uncertainty because they relate to events and depend upon circumstances that will occur in the future. There are a number of factors that could cause actual results or developments to differ materially from those expressed or implied by forward-looking statements and forecasts. Forward-looking statements and forecasts are based on the Directors' current view and information known to them at the date of this statement. The Directors do not make any undertaking to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Nothing in this pre-close statement should be construed as a profit forecast.

                -Ends-

For further information, please contact:

The Evolution Group PLC Alex Snow, Chief Executive Officer Andrew Westenberger, Finance Director	020 7071 4300
Pelham Bell Pottinger Charles Cook Emma Kent Victoria Geoghegan	020 7337 1546

Notes to Editors:

The Evolution Group PLC

The Evolution Group is the holding company of Evolution Securities Limited and Williams de Broë Limited.  Founded in April 2001 and originally listed on AIM, the Evolution Group joined the LSE Official List in 2003 and re-entered the FTSE 250 in 2009, the Group now has a market capitalisation of approximately £300 million.

 

END

 

 

TSTBRGDBUBDBGGC