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Alpha Fin. Markets (AFM)

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Thursday 11 April, 2019

Alpha Fin. Markets

Pre-close trading update

RNS Number : 8286V
Alpha Fin Markets Consulting plc
11 April 2019
 

11 April 2019

 

Alpha Financial Markets Consulting plc

('Alpha FMC', 'Alpha', the 'Company' or 'Group')

Pre-close trading update

 

Alpha FMC (AIM: AFM), a leading global provider of specialist consultancy services to the Asset and Wealth Management industry, is pleased to provide its pre-close trading update before reporting its full year results for the year ending 31 March 2019.

Alpha FMC has performed well in the year with both revenue and Adjusted EBITDA expected to be ahead of the last financial year and in-line with current full year market expectations.

 

Euan Fraser, Global CEO of Alpha FMC, commented:

"We are pleased that Alpha has made further good progress in its second year as a public company.  Alpha recently launched its twelfth practice, Exchange Traded Funds & Indexing, and opened its tenth office, located in Zurich, as we continue to grow our international reach. We believe both expansions offer exciting potential.   

The underlying industry trends of cost reduction, increasing regulation and increasing assets under management remain firmly in place, driving ongoing change programmes globally. Alpha FMC offers a compelling, quality-driven range of consulting services and continues to be well placed to advise and best assist our clients' needs." 

 

Alpha FMC expects to report its full year results to 31 March 2019 on 5 June 2019.

A results presentation from Alpha will take place at 9.30 a.m. on the day at Berenberg's offices, 60 Threadneedle Street. Those wishing to attend should email [email protected]. A copy of the presentation slides will be available on the company website for those unable to attend.

 

The full year results will be available at http://investors.alphafmc.com/reports-and-presentations on the day.

 

 Enquiries:

Alpha Financial Markets Consulting plc               

+44 (0)20 7796 9300

Euan Fraser, Global Chief Executive Officer

John Paton, Chief Financial Officer




Temple Bar Advisory


Alex Child-Villiers       

+44 (0)7795 425 580

William Barker           

+44 (0)7827 960 151

Sam Livingstone

+44 (0)7769 655 437



Grant Thornton UK LLP (Nominated Adviser)

+44 (0)20 7383 5100

Philip Secrett

Richard Tonthat

Harrison Clarke




Berenberg (Broker)             

+44 (0)20 3207 7800

Chris Bowman

Toby Flaux

Alix Mecklenburg-Solodkoff

 


                                   

 

This announcement contains inside information as defined in Article 7 of the Market Abuse Regulation No. 596/2014.

 

About Alpha FMC:

Alpha FMC is a leading global provider of specialist consultancy services to the asset and wealth management industry. Alpha FMC has worked with 85% of the world's top 20 asset managers by AUM, along with a wide range of other buy-side firms. It has the largest dedicated team in the industry, with over 350 consultants and contractors globally, operating from ten offices spanning the UK, Europe, the US and Asia.

 

 

 

 

 

ENDS


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
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