Trading Update

RNS Number : 7056Q

Plus500 Limited

17 October 2013

 



For immediate release

17 October  2013

Plus500 Ltd.

("Plus500" or "the Company")

Trading Update for nine months ended 30 September 2013

Increase of 52.7% in revenues to $64.7m in the first nine months 2013

Plus500, a leading online service provider for retail customers to trade CFDs internationally, today announces the following update to trading for the nine months ended 30 September 2013.

Trading during the period continued to be strong, as highlighted in the Company's maiden interims results announced in August this year.  Customer acquisition strengthened during the period with more than 62,000 active users trading across our platform. This excellent growth demonstrates an ongoing strengthening in Plus500's market position and the effectiveness of the Company's leading online marketing and affiliate programmes.  Despite a relatively quiet quarter in terms of general 'market volatility' customer growth and revenues continued on an upward trend.

Key customer and Revenues metrics for the periods ended 30 September 2013 after 9 and 3 months were as follows: 

	Full  year	9 Months		3 Months
	2012	2012	2013	Q3 2012	Q3 2013
Number of new                customers[1]	37,050	28,812	37,284	8,710	12,658
Active customers[2]	58,343	52,064	62,984	31,050	37,000
Revenues $ (000's)	56,127	42,337	64,682	12,019	20,009
AUAC ($)[3]	628	618	689	635	632

The Company's focus on expanding its geographic footprint remains a key strategic goal.  Whilst the UK remains an active and buoyant market for Plus500, ongoing efforts to extend the Company's reach in the EEA and Australia continue to gather significant momentum.   The Company is also exploring a number of commercial possibilities in new geographies as well.

The development of the Company's trading platform, which is a key competitive advantage to its peers, continues to evolve in order to meet the growing demands of our active customer base.  For example, recently the Company released a new interface for iOS 7 users.  Plus500 has continually added new instruments to its supported portfolio to meet customer demand across the geographies where it operates. As a result of continued strong momentum, the Company expects to comfortably exceed revenue expectations and substantially exceed profit expectations for the year ending 31 December 2013.

Therefore, the Board can look ahead with renewed confidence and reaffirms its commitment to pursuing a progressive dividend policy.

Company website: www.plus500.com

For further details:

Plus500 Ltd

Elad Even-Chen, Head of Investor Relations                                                  Tel: [phone]

[e-mail]

Liberum Capital - Nomad and Broker

Chris Bowman / Christopher Britton / Thomas Bective                               Tel: [phone]

www.liberumcapital.com 

Buchanan

Jeremy Garcia / Sophie McNulty / Clare Akhurst                                          Tel: [phone]

www.buchanan.uk.com

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[1] A customer who has deposited real money into their own account for the first time

[2] A customer who makes at least one trade using real money on the Trading Platform during the relevant period

[3] Average user acquisition cost 

 

END

 

 

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