REG - Alpha Fin. Markets - Trading update and Capital Markets presentation

Alpha Financial Markets ConsultingAnnouncement

09/03/2023 07:00

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RNS Number : 3679S  Alpha Fin Markets Consulting plc  09 March 2023

 

9 March 2023

 

 

Alpha Financial Markets Consulting plc

('Alpha FMC' or 'Alpha' or the 'Group')

 

Trading update and Capital Markets presentation

 

Ahead of expectations

 

Alpha FMC (AIM: AFM), a leading global provider of specialist consultancy
services to the Asset Management, Wealth Management and Insurance industries,
is pleased to provide the following trading update ahead of its virtual
Capital Markets presentation for institutional investors and investment
analysts later today.

 

Trading update

 

The Board is delighted with the continuing strong performance of the Group and
now expects to report full year FY23 results significantly ahead of current
market expectations.

 

Positive trading conditions in the second half of the year and ongoing client
demand globally have again allowed the Group to deliver strong double-digit
organic net fee income growth compared to the prior year. Adjusted EBITDA has
also grown well with margins remaining consistent.  Particularly good
progress was seen in Alpha's North America region, including Lionpoint which
continues to trade strongly.  Looking ahead, the Group continues to
successfully deliver good sales wins and has maintained its strong opportunity
pipeline.

 

Capital Markets presentation

 

The Capital Markets event will be hosted by Euan Fraser, CEO and Luc Baqué,
CEO designate.  The event will include presentations by senior executives to
outline the Group's attractive growth opportunities across market segments and
geographies to drive further profitable growth over the mid-term, and set out
the aim to double the Group's net fee income over the next 5 years while
maintaining a consistent Adjusted EBITDA margin profile.

 

A copy of the presentation slides will be available on the company website
after the event at http://investors.alphafmc.com/reports-and-presentations
(http://investors.alphafmc.com/reports-and-presentations) .

 

 

Euan Fraser, Global Chief Executive Officer, commented:

 

"I am delighted with the Group's performance since our IPO in 2017. In little
more than 5 years, our fantastic team has created a truly global business and
almost quadrupled profits delivering value to all stakeholders.

 

Since our Interim Results in November, the Group has continued to perform very
well and enjoying strong client demand in asset management and insurance
consulting across all our major geographic regions, with North America
continuing its excellent performance.  We end FY23 significantly ahead of
expectations and with a strong balance sheet.  We remain mindful of the
inflationary backdrop and geopolitical uncertainties and remain positive that
the underlying industry trends and our market leading reputation will continue
to drive demand globally for our services.

 

It has been an incredible honour to have led the Group for the last ten years.
It is an extremely talented and ambitious global team, and with a clear
strategy focused on long-term growth we are very well positioned for the
future."

 

Luc Baqué, Chief Executive Officer designate, also commented:

 

"The Group has enjoyed great success since listing having more than tripled
the number of consultants and now operates from twice the number of offices
across the globe.  This  achievement is derived from our high-quality teams
delivering for our growing client base.  I would like to thank Euan for his
excellent leadership over the last decade; it is a privilege to take on the
role of CEO and to build on the Group's success.

 

As we look ahead, we continue to see more opportunities to further expand the
Group's offering and geographic reach.  We set out today our vision to double
again the Group's net fee income over the next 5 years, including both organic
growth and through selective acquisitions, while maintaining a consistent
Adjusted EBITDA margin profile.  With such an outstanding group of employees,
I look forward to our continued success, for our clients, employees and
shareholders."

 

Alpha FMC expects to report its full year results for the year ended 31 March
2023 on Thursday, 22 June 2023.

 

 

Enquiries:

For further information, please contact:

 Alpha Financial Markets Consulting plc                         +44 (0)20 7796 9300
 Euan Fraser (Global Chief Executive Officer)

 Luc Baqué, (Chief Executive Officer designate)

 John Paton (Chief Financial Officer)
 Investec Bank plc - Nominated Adviser, Joint Corporate Broker  +44 (0)20 7597 4000
 Patrick Robb

 James Rudd

 Harry Hargreaves
 Berenberg - Joint Corporate Broker                             +44 (0)20 3207 7800
 Chris Bowman

 Toby Flaux

 James Thompson

 Alix Mecklenburg-Solodkoff
 Camarco - Financial PR                                         +44 (0)20 3757 4980
 Edward Gascoigne-Pees

 Phoebe Pugh
 Prism Cosec - Company Secretary                                +44 (0)7407 733 518
 Sally Chandler

 

The information contained within this announcement is deemed to constitute
inside information as stipulated under the Market Abuse Regulation (EU) No.
596/2014 which is part of UK law by virtue of the European Union (Withdrawal)
Act 2018.

About Alpha FMC:

 

Headquartered in the UK and quoted on the Alternative Investment Market of the
London Stock Exchange, Alpha is a leading global provider of specialist
consultancy services to the asset management, wealth management and insurance
industries.

Alpha has worked with all of the world's top 20 and 80% of the world's top 50
asset managers by AUM, along with a wide range of other buy-side firms. It has
the largest dedicated team in the industry, with over 900 consultants
globally, operating from 16 client-facing offices spanning the UK, North
America, Europe and APAC.

- ENDS -

 

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