Alpha FMC : A year of strong performance and a confident outlook

Alpha Financial Markets Consulting plc (AIM:AFM), a leading global provider of specialist consultancy services to the asset and wealth management industry, is pleased to report its audited results for the 12 months ended 31 March 2018 (FY18). This constitutes the Group’s first annual results as a public company, following admission of the Group to trading on AIM on 11 October 2017.

Alpha Financial Markets Consulting plc (AIM:AFM), a leading global provider of specialist consultancy services to the asset and wealth management industry, is pleased to report its audited results for the 12 months ended 31 March 2018 (FY18). This constitutes the Group’s first annual results as a public company, following admission of the Group to trading on AIM on 11 October 2017.

Financial Highlights

Alpha Financial Markets Consulting plc (AIM:AFM), a leading global provider of specialist consultancy services to the asset and wealth management industry, is pleased to report its audited results for the 12 months ended 31 March 2018 (FY18). This constitutes the Group’s first annual results as a public company, following admission of the Group to trading on AIM on 11 October 2017.

A YEAR OF STRONG PERFORMANCE AND A CONFIDENT OUTLOOK

  • Group revenue increased by 51.5% to £66.0m (FY17: £43.6m)
  • Group adjusted EBITDA increased by 62.9% to £13.9m (FY17: £8.6m)
  • Group adjusted operating profit increased by 65.0% to £13.6m (FY17: £8.3m)
  • Strong cash generation from operating activities of £11.3m (FY17: £4.3m)
  • Recommending a final dividend per share of 3.69p, bringing total dividend for the year to 5.17p inclusive of the previously paid 1.48p interim dividend
  • Exceptional non-recurring items in the period included costs of AIM admission, costs relating to the

    acquisition of TrackTwo GmbH and costs related to a successful secondment programme into the Group’s US offices

    Operating Highlights

  •  Establishment of first Alpha office in Asia, in Singapore
  •  Acquisition and successful integration of TrackTwo GmbH
  •  Launch of two new practice areas: Digital and Alpha Data Solutions
  •  Continued investment in the highest calibre of people; number of consultants grew by 27% compared to FY17
  •  Addition of five directors to reinforce the management team and further support  future growth

    Commenting on the results, Euan Fraser, Global Chief Executive Officer said:

    Euan Fraser, Global Chief Executive Officer – AlphaFMC

    “We are delighted to be reporting on the most successful year in Alpha’s history. Alpha has continued to achieve growth in all its core markets of the UK, Europe & Asia, and the US, with revenue increasing by 51.5% to £66.0m and adjusted EBITDA by 62.9% to £13.9m, ahead of market expectations. These results reflect the exceptionally hard work of our talented team.

    We were pleased with the success of our IPO and admission to AIM in October, and take great confidence from our first eight months of trading as a public company. We have continued to invest in geographic expansion and extending Alpha’s service offering, responding to a strong pipeline and unwavering client demand.

    Looking ahead, the structural industry drivers of cost pressure and regulatory change, along with increasing assets under management, create significant opportunities for future growth. The Group is well positioned to leverage its recent performance in the financial year ahead.”

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