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CMC Markets Plc (CMCX)

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Thursday 29 March, 2018

CMC Markets Plc

Pre-Close Trading Update

RNS Number : 3057J
CMC Markets Plc
29 March 2018
 

29 March 2018

CMC Markets Plc

 

Pre-Close Trading Update

 

 

CMC Markets Plc ("CMC" or the "Group"), a leading global provider of online retail trading, today issues the following Trading Update ahead of entering its close period on 2 April 2018.

 

Our strong year to date performance has been maintained throughout the final quarter of the year. Net operating income for the second half will be moderately above the first half and significantly above the prior year. As previously guided, costs will be higher in the second half reflecting higher marketing, discretionary remuneration and ANZ integration spend.

 

The proportion of high value clients has increased, driving a significant improvement in revenue per client compared to the prior year. Overall, active client numbers are slightly below the previous year although the final quarter has seen an increase from the prior year.

 

The Group's partnership with ANZ Bank remains on track for delivery in September 2018, with the first significant milestone successfully delivered in the period.

 

The full year results for the year ending 31 March 2018 will be announced on Thursday 7 June 2018. There will be a presentation at 9.30am on 7 June 2018 for institutional investors and analysts at CMC's offices at 133 Houndsditch, London, EC3A 7BX, United Kingdom. Those wishing to attend should contact [email protected]

 

 

Enquiries

CMC Markets Plc                                                                                              +44 (0) 20 7170 8200

Grant Foley, Chief Operating and Financial Officer

 

Camarco                                                                                                           +44 (0) 20 3757 4984

Geoffrey Pelham-Lane

Ed Gascoigne-Pees

Jennifer Renwick

 

 

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation ("MAR"). Upon the publication of this announcement via Regulatory Information Service ("RIS"), this inside information is considered to be in the public domain.

 

Notes to Editors

CMC Markets plc ("CMC"), whose shares are listed on the London Stock Exchange under the ticker CMCX (LEI: 213800VB75KAZBFH5U07), was established in 1989 and is now one of the world's leading online financial trading businesses.  The company serves retail and institutional clients through regulated offices and branches in 15 countries, with a significant presence in the UK, Australia, Germany and Singapore. CMC Markets offers an award-winning, online and mobile trading platform, enabling clients to trade up to 10,000 financial instruments across shares, indices, foreign currencies, commodities and treasuries through contracts for difference ("CFDs"), financial spread bets (in the UK and Ireland only) and, in Australia, access stockbroking services.  More information is available at http://www.cmcmarkets.com/group/

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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