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6 Oct 2021 07:00
6 October 2021
Alpha Financial Markets Consulting plc
('Alpha FMC' or 'Alpha' or the 'Group')
Pre-close trading update
Continuing strong momentum
Alpha FMC (AIM: AFM), a leading global provider of specialist consultancy services to the Asset Management, Wealth Management and Insurance industries, announces its pre-close trading update for the six months ended 30 September 2021.
The Board is very pleased with the strong performance of the Group in the first half of the financial year and remains confident in achieving the Group's expectations for the full year. The good momentum and strong pipeline carried into FY22 has continued, with positive trading conditions in the first six months. Increased client demand has delivered strong double-digit organic net fee income growth compared to the first half of the prior year, with particularly strong like for like progress in Alpha's North American and Europe & Asia regions. Margins have also been strong, lifted by higher than target consultant utilisation levels, alongside an increasing but well controlled variable cost base. The Group has also successfully delivered strong sales wins and grown its opportunity pipeline through the first half.
The integration of Lionpoint continues to proceed as planned and the business has performed in line with our expectations, delivering good revenue growth since the acquisition in May.
Alpha FMC expects to report its interim results for the six months ended 30 September 2021 on Wednesday, 24 November 2021.
Enquiries:
For further information, please contact:
Alpha Financial Markets Consulting plc | +44 (0)20 7796 9300 |
Euan Fraser (Global Chief Executive Officer) John Paton (Chief Financial Officer) |
|
Investec Bank plc - Nominated Adviser, Joint Corporate Broker | +44 (0)20 7597 4000 |
Patrick Robb James Rudd Harry Hargreaves |
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Berenberg - Joint Corporate Broker | +44 (0)20 3207 7800 |
Chris Bowman Toby Flaux Alix Mecklenburg-Solodkoff |
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Camarco - Financial PR | +44 (0)20 3757 4980 |
Edward Gascoigne-Pees Jake Thomas |
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Prism Cosec - Company Secretary | +44 (0)7407 733 518 |
Sally Chandler |
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This announcement contains inside information as defined in Article 7 of the Market Abuse Regulation No. 596/2014.
About Alpha FMC:
Alpha is a leading global provider of specialist consultancy services to the asset management, wealth management and insurance industries. With over 550 consultants across 15 offices spanning the UK, Europe, North America and APAC, Alpha has the largest dedicated team in the industry. Alpha has provided consultancy services to over 550 clients, including 90 per cent of the 20 largest global asset managers by AUM and a range of other buy-side firms.
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