LONDON (Alliance News) - Harwood Wealth Management Group PLC said Tuesday it expects to report "strong" revenue growth, broadly in line with market expectations, and adjusted earnings ahead of market expectations for its recently ended financial year.
Harwood said this growth has been driven by "both organic growth and acquisitions".
During its financial year to October 31, Harwood completed nine acquisitions for a total consideration of GBP10.7 million. At October 31, the financial planning and discretionary wealth management firm has GBP13.6 million cash.
Chairman Peter Mann said: "I am very pleased to report on another successful year for the group, with strong revenue growth and an earnings before interest, tax, depreciation and amortisation performance which is comfortably ahead of market expectations. This performance demonstrates the robustness of the business underpinned by a strong operating model and we look forward to continuing to drive growth going forward."
Shares in Harwood Wealth Management were up 4.9% Tuesday at 157.40 pence each.
