Trading Update

RNS Number : 6173I

IG Group Holdings plc

15 December 2020

 

15 December 2020

LEI No: 2138003A5Q1M7ANOUD76

IG GROUP HOLDINGS PLC
H1 FY21 Trading Update

IG Group Holdings plc ("IG", "the Group", "the Company"), a global leader in online trading, today issues its scheduled update on its net trading revenue for the six months to 30 November 2020 ("H1 FY21"), representing the first and second quarters of the financial year ending 31 May 2021 ("FY21").

Following a very strong first quarter, the Group performed at comparable levels in the second quarter generating revenue of around £207 million (Q2 FY20: £120.8 million), driven by elevated trading volumes across a larger, total active client base of 207,000 clients in the quarter (Q2 FY20: 133,800). The Group's active client base has now materially increased in size over the prior year, benefitting from a continuation of strong client acquisition. Net trading revenue for the first six months of the current financial year is expected to be around £416 million (H1 FY20: £249.9 million).

For further information, please contact:

IG Group Investors    IG Group Press  FTI Consulting

Liz Scorer      Ramon Kaur  Ed Berry 

020 7573 0727    07388 440127                                   07703330199

[e-mail]                                              [e-mail]

Disclaimer - Forward-looking statements

This statement, prepared by IG Group Holdings plc (the "Company"), may contain forward-looking statements about the Company and its subsidiaries (the "Group"). Such forward-looking statements can be identified by the use of forward-looking terminology, including the terms "believes", "projects", "estimates", "plans", "anticipates", "targets", "aims", "continues", "expects", "intends", "hopes", "may", "will", "would", "could" or "should" or, in each case, their negative or other various or comparable terminology. 

Forward-looking statements involve known and unknown risks, uncertainties, assumptions and other factors which are beyond the Company's control and are based on the Company's beliefs and expectations about future events as of the date the statements are made. If the assumptions on which the Group bases its forward-looking statements change, actual results may differ from those expressed in such statements. There are a number of factors that could cause actual results and developments to differ materially from those expressed or implied by these forward-looking statements, including those set out under "Principal Risks" in the Company's annual report for the financial year ended 31 May 2020. The annual report can be found on the Company's website (www.iggroup.com).

Forward-looking statements speak only as of the date they are made. Except as required by applicable law and regulation, the Company undertakes no obligation to update these forward-looking statements. Nothing in this statement should be construed as a profit forecast.

About IG

IG empowers informed, decisive, adventurous, people to access opportunities in over 17,000 financial markets. With a strong focus on innovation and technology, the company puts client needs at the heart of everything it does.

IG's vision is to provide the world's best trading experience. Established in 1974 as one of the world's first providers of financial derivatives to retail traders, it continued leading the way by launching the world's first online and iPhone trading services.

IG is an award-winning, multi-product trading company which allows retail, professional and institutional clients to trade 24 hours a day, 7 days a week^[1]. IG is the world's No.1 provider of CFDs^[2] and a global leader in forex. It provides leveraged services with the option of limited-risk guarantees and offers an execution-only stock trading service in the UK, Australia, Germany, France, Ireland, Austria and the Netherlands. IG has a range of affordable, fully managed investment portfolios, which provide a comprehensive offering to investors and active traders.

 

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[1] Excluding 10pm Friday (GMT) to 8am Saturday (GMT)

[2] Based on revenue excluding FX (from published financial statements, June 2020)

 

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