6 June 2019
£ million (unless otherwise stated)
|31 March 2019||31 March 2018||Variance %|
|Net operating income||130.8||187.1||(30%)|
|Profit before tax||6.3||60.1||(89%)|
|Earnings per share (pence)||2.0p||17.3p||(88%)|
|Ordinary dividend per share (pence)||2.0p||8.9p||(77%)|
|Number of trades (million)||64.5||68.4||(6%)|
|Value of trades (£ billion)||2,259||2,587||(13%)|
|Active CFD and Spread bet clients (numbers)||53,308||59,165||(10%)|
|Revenue per active client (£)||2,068||2,964||(30%)|
Net operating income represents total revenue after commissions payable to introducing partners and betting levies
Dividend per share paid or proposed relating to the financial year
Active clients represents those individual clients who have traded with or held a CFD or spread bet positions with the Group on at least one occasion during the financial year
Revenue per active client represents total trading revenue from CFD and spread bet active clients after deducting partner commissions and levies
“This has been a difficult period of trading for CMC and our sector, but having now weathered the ESMA transition, we exit this year with renewed confidence in the future. We have learned as our clients adjusted to the imposition of much lower leverage levels at the same time as experiencing range bound markets. As a result, we have adjusted our business to ensure we capture revenue appropriately and manage the net risk we are exposed to from higher client margins against smaller positions being held for longer periods.
Our business is much more balanced today than it has ever been, with a larger stockbroking business and important growth in our institutional business alongside our stabilised CFD and spread bet business all underpinned by our technology platform. We have demonstrated that our ability to use technology to provide a high quality service and access to innovative investment opportunities means we are an attractive partner for a wide array of customers and partners around the world.
As regulatory change continues to be a key positive driver in our markets, we believe that our strong product offering, client service, technology platform and balance sheet will ensure our ongoing success.”
A presentation will be held for equity analysts and investors today at 9.30 a.m. (BST).
A live audio webcast of the presentation will be available via the following link:
Alternatively, you can dial into the presentation:
United Kingdom: 020 3059 5868
All other locations: + 44 20 3059 5868
Please quote “CMC Markets Full Year Results 2019" when prompted.
A copy of the CMC Markets plc (the “Company”) Annual Report and Financial Statements for the year ending 31 March 2019 (the “2019 Annual Report and Financial statements”) is available within the Investor Relations section of the Company website http://www.cmcmarkets.com/group/results/annual-reports
Pursuant to Listing Rule 9.6.1 the “Company” has submitted the 2019 Annual Report and Financial Statements to the National Storage Mechanism and will shortly be available for inspection at: www.morningstar.co.uk/uk/nsm
In compliance with The Disclosure and Transparency Rules (DTR) 6.3.5, the information in the document below is extracted from the Company’s 2019 Annual Report and Financial Statements. This material is not a substitute for reading the 2019 Annual Report and Financial Statements in full and any page numbers and cross references in the extracted information below refer to page numbers and cross-references in the 2019 Annual Report and Financial Statements.
|Thursday 25 July||Q1 2020 trading update|
|Thursday 3 October||H1 2020 pre-close trading update|
Geoffrey Pelham-Lane / Ed Gascoigne-Pees / Jennifer Renwick Tel: 020 3757 4994