Trading Statement

RNS Number : 9573Z

Evolution Group PLC

24 January 2011

 



24 January 2011

The Evolution Group PLC

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

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 2010.

Trading update

The Group experienced better trading conditions towards the end of the year and full year results are expected to be in line with market estimates. 

Outlook

The renewed confidence of investors would seem to be gathering momentum, reflected by increases in equity market activity from both our institutional and private clients so far in 2011. The Group is experiencing a growing pipeline of corporate transactions and seeing increasing opportunities to win new mandates.

Given the development of the scale, quality and breadth of the Group's businesses over the past two years, Evolution can look forward with optimism and with the prospect of ongoing improving performance if market conditions continue to develop in line with economic and business cycles.

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                                                                              020 7071 4300

Alex Snow, Chief Executive Officer

Andrew Westenberger, Finance Director

Attila Consultants                                                                                                                                                                  

Charles Cook, Senior Partner                                                                         020 7776 8825

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. The Group now has a market capitalisation of approximately £170 million.

 

END

 

 

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