REG - CMC Markets Plc - Trading Statement

CMC MarketsAnnouncement

08/01/2024 07:00

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RNS Number : 8702Y  CMC Markets Plc  08 January 2024

 

8 January 2024

CMC Markets Plc

 

Trading Update and Revised Outlook for FY 2024

 

CMC Markets Plc ("CMC" or the "Group"), a leading global provider of online
retail ("D2C") and institutional ("B2B") platform technology, today issues a
trading update for FY 2024.

 

Trading Update

 

The Group delivered a strong performance in the third quarter of FY24. This
was driven by an improvement in market conditions led by an increased
contribution from the B2B and institutional business with the Group benefiting
from the long-term investments in this area. As a result of this strong
performance the Group now expects to generate FY24 net operating income of
between £290-£310 million from the previously guided range of between
£250-£280 million.

 

The next scheduled update to the market will be the FY24 pre-close update on 9
April 2024.

 

Enquiries

CMC Markets Plc
            investor.relations@cmcmarkets.com
(mailto:investor.relations@cmcmarkets.com)

David Fineberg, Deputy Chief Executive Officer

Albert Soleiman, Chief Financial Officer

 

Camarco
+44 (0) 20 3757 4994

Geoffrey Pelham-Lane

Jennifer Renwick

 

MAR disclosure statement

 

The information contained within this announcement is deemed by the Company to
constitute inside information as stipulated under the Market Abuse Regulation
("MAR"). Upon the publication of this announcement via Regulatory Information
Service ("RIS"), this inside information is considered to be in the public
domain.

 

Notes to Editors

 

CMC Markets Plc ("CMC"), whose shares are listed on the London Stock Exchange
under the ticker CMCX (LEI: 213800VB75KAZBFH5U07), was established in 1989 and
is now one of the world's leading online financial trading businesses. The
Company serves retail and institutional clients through regulated offices and
branches in 12 countries with a significant presence in the UK, Australia,
Germany and Singapore. CMC Markets offers an award-winning, online and mobile
trading platform, enabling clients to trade over 12,000 financial instruments
across shares, indices, foreign currencies, commodities and treasuries through
contracts for difference ("CFDs"), financial spread bets (in the UK and
Ireland only) and, in Australia, Singapore and the UK, access stockbroking
services. More information is available at http://www.cmcmarketsplc.com
(https://nam02.safelinks.protection.outlook.com/?url=http%3A%2F%2Fwww.cmcmarketsplc.com%2F&data=05%7C02%7CAlex.Campbell%40camarco.co.uk%7C488f78729a9e49e79eb808dc0fcb67d8%7C77a5f6209d7747dba0cd64c70948d532%7C1%7C0%7C638402613539565944%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000%7C%7C%7C&sdata=YRNpjk87lyVhamf1Y65extgIkrRnh7jnu9mdOst3Hcw%3D&reserved=0)
.

 

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