IG Group expects full year earnings to be ahead of expectations
IG Group (“IG”, “the Company”), a global leader in online trading, today issues the following Trading Update for the final quarter of the financial year ending 31 May 2016, ahead of entering its close period on 1 June 2016.
IG performed well during what was a relatively quiet fourth quarter of the year in financial markets, with all key operating and financial metrics remaining strong. As outlined in the third quarter trading update, this continued robust performance has resulted in higher variable operating costs in the last part of the year, including an increase in online marketing spend, where the payback remains compelling. This cost increase was more than offset by the ongoing strength in trading revenue, meaning the Company now expects full year earnings to be slightly ahead of expectations.
There is no conference call scheduled for today, but the Investor Relations team will be available to answer questions.
The financial results for the year ended 31 May 2016 will be announced on Tuesday 19 July 2016. There will be a presentation for institutional investors and analysts at 9.30am (UK time) at the Group’s offices at Cannon Bridge House, Dowgate Hill, London EC4R 2YA; those wishing to attend the presentation should contact Jessica Colman at jessica.colman@fticonsulting.com or on 020 3727 1102.
Source: IG Group
