IG Group Preliminary results for the year ended 31 May 2015 

IG Group announced today results for the year ended 31 May 2015

Operating and financial summary

• Good growth in revenue(1); underlying(2) up 8% at £400.2 million; reported up 4.9% at £388.4 million
• Reported results impacted by Swiss franc event in January 2015
• Higher operating costs reflect significant investment in future growth
• Underlying(2) profit before tax down 0.9% to £193.2 million; reported profit before tax down 13%
• Underlying(2) diluted EPS up 2.1%; reported EPS down 10.5%
• Full year dividend maintained at 28.15p; final dividend of 19.70p
• Active client growth across all regions
• Execution-only stockbroking service launched in the UK, Ireland and the Netherlands
•        o Extended into Germany and Austria in July 2015
• Swiss office progressing well since launch in October 2014; Dubai office opened in June 2015
• Dubai licence application progressing well
• Signed partnership agreement with BlackRock to market ETF-based portfolios
• Tim Howkins, CEO, to retire at the AGM in October 2015

Tim Howkins, Chief Executive, commented:

“2015 was another year of good progress on our strategic initiatives, coupled with a solid underlying set of financial results.
As part of our product and geographic diversification strategy, we launched our execution-only stockbroking product in the
UK, Ireland and the Netherlands and extended it into Germany and Austria after year end. We also successfully acquired licences and opened offices in Switzerland and Dubai.
IG celebrated its 40th anniversary in November; this longevity is based around putting clients first and the commitment of our dedicated employees across the world. I believe that the strategy we are pursuing will broaden the appeal of IG further and deliver growth into the future.”

Financial summary

 

Read Full Results: IG 2015 Preliminary Announcement FINAL

Source: IG Group – IG Group Preliminary results for the year ended 31 May 2015

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