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