28 Sep 2022 07:00
DWF Group plc
("DWF" or the "Company")
LEI: 213800O9QREOHTOGQ266
28 September 2022
AGM Trading Update
DWF, the global provider of integrated legal and business services, is today holding its Annual General Meeting (AGM) at 2.00pm. The AGM will be held at and be broadcast from 20 Fenchurch Street London EC3M 3AG.
At the AGM, the Group's chief executive, Sir Nigel Knowles, will make the following comments:
"We announced a record set of financial results in July with net revenue of £350.2m and adjusted profit before tax of £41.4m, up 21% on the prior year. Our cost-to-income ratio and lock-up days came down again and net debt continued to trend in-line with our medium-term guidance.
"We are pleased with the progress we made last year, which followed a transformational performance in FY21. We attribute this continuing good performance to the successful implementation of our new global operating model, and the embedding of our working capital and client programme initiatives.
"I would like to add that the current financial year trading is in line with management's expectations."
For further information
DWF Group plc
James Igoe - Head of Communications +44 (0)7971 783533
H/Advisors Maitland
Sam Turvey +44(0)20 7379 5151
Sam Cartwright
About DWF
DWF is a global provider of integrated legal and business services provided through its three offerings of Legal Advisory, Mindcrest and Connected Services. It has offices and associations located across the globe. The Company became the first Main Market Premium Listed legal business on the London Stock Exchange in March 2019. DWF recorded Revenue of £416m and Net Revenue of £350.2 million in the year ended 30 April 2022. For more information visit: dwfgroup.com
Forward looking statements
This announcement contains certain forward-looking statements with respect to the Company's current targets, expectations and projections about future performance, anticipated events or trends and other matters that are not historical facts. These forward-looking statements, which sometimes use words such as "aim", "anticipate", "believe", "intend", "plan", "estimate", "expect" and words of similar meaning, include all matters that are not historical facts and reflect the directors' beliefs and expectations and involve a number of risks, uncertainties and assumptions that could cause actual results and performance to differ materially from any expected future results or performance expressed or implied by the forward-looking statement.