Evolution Group PLC
21 January 2005
FOR IMMEDIATE RELEASE 21 January 2005
Evolution Group Plc
Trading Update
During the second half of 2004 the Group continued to build on the strong
progress made during the first half, resulting in full year performance in line
with market expectations and significantly ahead of 2003.
Within Evolution Securities, the Group's middle market investment banking
business, the continued strong performance was driven by an increase in
transactions performed for corporate clients, with record funds being raised for
clients in this six month period.
Christows, the Group's private client stockbroking and portfolio management
business, has continued to progress according to plan and at the year end has
seen good growth in funds under management, providing increased recurring
income.
At the year end the balance sheet position has strengthened with cash generated
from its operating businesses. The Board is actively considering the most
efficient mechanism to reward shareholders, and is confident of a year of
further progress in 2005.
The Group's audited results for 2004 will be published before the end of March.
For further information
Evolution Group 020 7071 4300
Alex Snow, CEO /Graeme Dell, FD
Grandfield
Charles Cook / Samantha Robbins 020 7417 4170
Notes to Editors
The Evolution Group plc is a leading mid-market integrated investment bank
("Evolution Securities") and private client fund management group ("Christows")
listed on the FTSE 250 with a market capitalisation of approximately
£387million.
This information is provided by RNS
The company news service from the London Stock Exchange
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