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Interim Management Statement

30 Apr 2015 07:00

FIDESSA GROUP PLC - Interim Management Statement

FIDESSA GROUP PLC - Interim Management Statement

PR Newswire

London, April 29

Fidessa group plc Interim Management Statement 30th April 2015 Fidessa group plc (LSE: FDSA), provider of high-performance trading, investmentmanagement and information solutions for the world's financial community, todayissues its interim management statement for the period from 1st January 2015 todate. Whilst systemic risks and pressures have remained within the financial markets,the gradual improvements in market conditions seen by Fidessa in the last yearhave continued into 2015. This is expected to result in further reductions inthe headwind being faced as well as increased opportunity across all thebusiness lines. As reported with the 2014 results, Fidessa expects to see agradual increase in the growth rate from the level achieved in 2014 and this issupported by the current sales pipeline. As new opportunities are opening upthey are requiring additional investment which is being carefully managed asthe year progresses. Looking further ahead, Fidessa believes that stability and opportunity willincreasingly return to the markets and as its multi-asset initiative gainsfurther momentum, it will see growth levels returning closer to those it hasseen in the past. Fidessa remains excited by the potential for itsservice-based offerings across all asset classes and segments of the market andbelieves that it will continue to play an important role as customers focus onefficiency, transparency, compliance and performance. Fidessa continues to have a strong balance sheet with strong reserves, no debt,strong cash generation and substantial levels of recurring revenue. Enquiries: Chris Aspinwall, Chief Executive Edward Bridges/Rebecca FlowerAndy Malpass, Finance Director FTI Consultingwww.fidessa.com Tel: +44 (0) 20 3727 1000Tel: +44 (0) 20 7105 1000Email: eu.info@fidessa.com About Fidessa group Exceptional trading, investment and information solutions for the world'sfinancial community. New technology, new regulation, new challenges: making money in today'sfinancial markets is all about staying ahead of the curve. Having thecapability to spot new trends and act fast turns change into opportunity.That's why many of the world's premier financial institutions trust Fidessa toprovide them with their multi-asset trading and investment infrastructure,their market data and analysis, and their decision making and workflowtechnology. It's also why $15 trillion worth of transactions flow across ourglobal network each year. Because we're the market leader, we can also offeraccess to one of the world's largest and most valuable trading communities ofbuy-side and sell-side professionals, from global institutions and investmentbanks to boutique brokers and niche hedge funds. Fidessa is a global business with scale, resilience, ambition and expertise.We've delivered around 25% compound growth since our stock market listing in1997 and we're recognised as the thought leader in our space. We set thebenchmark with our unrivalled set of mission-critical products and servicesand, uniquely, serve both the buy-side and sell-side communities. Ongoinginvestment in our leading-edge, integrated solutions ensures Fidessa remainsthe industry's number one choice.
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