1 Aug 2017 07:00
1 August 2017
Sanne Group plc
("SANNE" or "the Group")
Trading statement and notice of results
SANNE, a leading global provider of alternative asset and corporation administration services, today provides a trading update for the six months from 1 January 2017 to 30 June 2017 ahead of the interim results announcement due to be published on 7 September 2017.
The Group's core business lines have seen good growth in the first half of the year driven by strong momentum from new business opportunities delivered in the latter part of 2016. In the first six months of the year the Group has continued this momentum, securing new business from both new and existing clients totaling approximately £10 million on a projected annualised fee basis.
Following the completion of the acquisition of IFS (Mauritius) at the start of the year, the business is integrating well into the Group and performing in line with expectations. Likewise our US acquisition, completed in November 2016, continues to perform well, operating in a market with very favourable outsourcing and growth trends.
The pipeline of new business wins and performance of acquisitions gives the Board confidence that it will deliver results for the year in line with its expectations.
Commenting, Dean Godwin, Chief Executive Officer said: "We are pleased with the performance of the Group in the first half and the continued new business wins gives us confidence in future growth."
This announcement contains inside information.
Enquiries:
Sanne Group plc Dean Godwin, Chief Executive Officer Spencer Daley, Chief Financial Officer
| +44 (0) 1534 722 787 |
Investec Bank plc Garry Levin / James Ireland Matt Lewis
| +44 (0) 20 7597 5970 |
Tulchan Communications LLP Tom Murray
| +44 (0) 20 7353 4200
|
Notes - About Sanne
SANNE is a leading global provider of alternative asset and corporate administration services. Established for over 25 years and listed as a FTSE 250 company on the Main Market of the London Stock Exchange, SANNE employs more than 1,000 people worldwide and administers structures and funds that have in excess of £160 billion of assets.
Key clients include alternative asset managers, global financial institutions, family offices, UHNWIs and corporates.
SANNE has a global network of regulated businesses in 15 leading financial jurisdictions, which are spread globally across the Americas, Europe, Africa and Asia-Pacific.
www.sannegroup.com