Pre-Close Briefing
Investec PLC
14 March 2005
Investec plc and Investec Limited ('Investec' or 'the group')
Investor Pre-Close Briefing
Investec continues to see strong performance from all divisions in the second
half of the financial year
Positive outlook across all divisions
Investec is today hosting an investor pre-close briefing starting at 09:00 (GMT)
which will focus on developments within the group's core business areas in the
second half of the current financial year ended 31st March 2005.
Operating fundamentals across the group have continued the positive trends seen
in the first half and as reported at the interim results announcement on 25th
November 2004.
In the second half of the financial year the group has seen performance in line
with its expectations from the Private Client, Treasury and Specialised Finance
and Property Investment Banking divisions. In addition, the group has seen
stronger performance from the Investment Banking, Asset Management, Central
Funding and Assurance divisions.
Stephen Koseff, Group Chief Executive, commented:
'Although the year has not yet ended, we have had a good second half so far and
are on track to deliver a strong performance for the financial year ended 31st
March 2005. We have benefited from our continued strict focus on driving
profitable growth in our key business areas and geographies, as we deliver
innovative solutions for our clients and respond to their needs at a time of
strong fundamentals for our business.
We have built on our good first half performance and are seeing the momentum
continue in all areas of our business. In addition to this we continue to make
significant progress towards achieving our stated growth and financial return
objectives.'
Bernard Kantor, Group Managing Director, commented:
'We have continued to work hard on building a distinctive sustainable business
model. We believe that the overall quality of our business has improved
significantly over the last few years, and we will continue to concentrate on
the fundamentals of growing revenues, improving efficiency and maintaining
credit quality in order to deliver value to our shareholders.'
Presentation details
The investor pre-close briefing presentation will be broadcast live via video
conference from the group's offices in Johannesburg to London and Cape Town. The
briefing will also be available via a live and recorded telephone conference
call and a delayed webcast. Further details in this regard can be found on the
website at: www.investec.com
Investor Relations timetable :
Financial year-end: 31 March 2005
Release of preliminary results: 19 May 2005
For further information please contact:
Investor Relations Citigate Dewe Rogerson
Ursula Munitich Simon Rigby
+44 207 597 5546 +44 207 282 2847
investorrelations@investec.co.za
About Investec
Investec is an international specialist banking group that provides a diverse
range of financial products and services to a niche client base in three
principal markets, the United Kingdom, South Africa and Australia as well
as certain other countries. The group was established in 1974 and currently has
approximately 4 100 employees.
Investec focuses on delivering distinctive profitable solutions for its clients
in five core areas of activity namely, Private Client Activities, Treasury and
Specialised Finance, Investment Banking, Asset Management and Property
Investment Banking and Asset Management.
In July 2002 the Investec group implemented a dual listed company structure with
listings on the London and Johannesburg Stock Exchanges. Management and staff
own approximately 20% of the equity share capital of the group.
At 30 September 2004, total shareholders' funds were £765 million, third party
assets under management were £36 billion and core loans and advances were £5.5
billion. The combined group's current market capitalisation is approximately £2
billion.
This information is provided by RNS
The company news service from the London Stock Exchange
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