31 May 2017
IG GROUP HOLDINGS PLC
Pre Close Trading Update
IG Group ("IG", "the Company"), a global leader in online trading, today issues the following Trading Update for the fourth quarter of the financial year ending 31 May 2017, ahead of entering its close period.
Despite a quiet fourth quarter in financial markets, IG's revenue in the period was higher than in the same quarter a year ago. The Company expects to report full year revenue around 7% higher than in the prior year.
Total operating expenses in the second half of the year are expected to be at around the same level as reported for the first half. This includes a rebate from the Financial Services Compensation Scheme relating to prior years.
Full year profit before tax and earnings are expected to be modestly ahead of prior year.
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 2017 will be announced on Tuesday 18 July 2017. There will be a presentation for institutional investors and analysts at the Group's offices at Cannon Bridge House, Dowgate Hill, London EC4R 2YA; those wishing to attend the presentation should email [email protected].
For further information, please contact:
Head of Investor Relations and Corporate Affairs 020 7573 0026 [email protected]
Neil Doyle / Ed Berry 020 3727 1141 / 1046
IG empowers informed, decisive, adventurous people to access opportunities in over 15,000 financial markets. With a strong focus on innovation and technology, the company puts client needs at the heart of everything it does.
IG's vision is to be a global leader in retail trading and investments. Established in 1974 as the world's first financial spread betting firm, it continued leading the way by launching the world's first online and iPhone trading services.
IG is now an award-winning, multi-platform trading company, the world's No.1 provider of CFDs* and a global leader in forex. It provides leveraged services with the option of limited-risk guarantees, and offers an execution-only share dealing service in the UK, Australia, Germany, France, Ireland, Austria and the Netherlands. IG has recently launched a range of affordable, fully managed investment portfolios, to provide a comprehensive offering to investors and active traders.
It is a member of the FTSE 250, with offices across Europe, including a Swiss bank, Africa, Asia-Pacific, the Middle East and the US, where it offers on-exchange limited risk derivatives via the Nadex brand.
*Based on revenue excluding FX (from published financial statements, October 2016)
This information is provided by RNS