Preliminary Results for the year ended 31 December 2014 

plus500

Focused marketing strategy and ongoing improvement in the strength of the Plus500 brand attracted new customers – active customers exceeded 100,000 for the first time

  • Effective user experience across all platforms including smartphones and tablets
  • Intuitive technology platform enabled a highly efficient operation and scalability at low cost

Financial Highlights

Highly cash generative, paying out $92m in dividends representing 90% of 2014 net profits

  • Revenue increased 99% to $228.9 million (FY 2013: $115.1 million)
  • EBITDA1 increased 116% to $145.4 million (FY 2013: $67.3 million)
  • EBITDA margin increased to 63.6% (FY 2013: 58.5%)
  • Net profit increased 102.6% to $102.5 million (FY 2013: $50.6 million)
  • Earnings per share increased 89% to $0.89 (FY 2013: $0.47)
  • ARPU increased 63% to $2,160 (FY 2013: $1,325)
  • Operating cash flow of $118.9 million (FY 2013: $57.1 million)
  • Final dividend per share of $0.3001 (total pay-out of $34.5 million) and a special dividend per share of $0.2657 (total pay-out of $30.5 million), for a total dividend pay-out of $65 million with ex-dividend date 19 March 2015
  • Total dividend for 2014 of $92 million, representing a pay-out of 90% of net profit for the 12 months ended 31 December 2014
  • Dividend policy increased to a 60% pay-out ratio with flexibility to pay special dividends as appropriate

1 EBITDA – Earnings before interest and taxes and depreciation and amortization

Operational Highlights

Second largest CFD provider in UK with vast majority of trading in 2014 occurring in UK and Western Europe

  • Another year of strong growth delivered through combination of an efficient online-focussed marketing strategy and easy-to-use trading platform
    • Active customers increased 24% to 105,976 (FY 2013: 85,795)
    • New customers increased 17% to 66,553 (FY 2013: 56,819)
  • Grew to become second largest CFD provider in the UK2
  • ARPU increased in all countries in which the Company operates
  • Vast majority of trading occurred in UK and Western Europe
  • 94% of total revenue derived from regulated markets, with remainder from countries where the Company operates under legal opinion
  • Improved Australian CFD market position following successful launch in 2013
  • Introduced 400 new financial instruments – now offer more than 2,000 in total
  • Granted CFD market maker licence from the Cyprus Securities and Exchange Commission (CySEC) and built-out Cyprus operational subsidiary
  • Development of Windows 8 app for PCs and launched new interface for iOS8
  • For detailed report please visit the source.

    Source: plus500 – Preliminary Results for the year ended 31 December 2014

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