
FY 2018 pre-close trading update
CMC Markets Plc ("CMC" or the “Group”), a leading global provider of online retail trading, today issues the following Trading Update ahead of entering its close period on 2 April 2018.
Our strong year to date performance has been maintained throughout the final quarter of the year. Net operating income for the second half will be moderately above the first half and significantly above the prior year. As previously guided, costs will be higher in the second half reflecting higher marketing, discretionary remuneration and ANZ integration spend.
The proportion of high value clients has increased, driving a significant improvement in revenue per client compared to the prior year. Overall, active client numbers are slightly below the previous year although the final quarter has seen an increase from the prior year.
The Group’s partnership with ANZ Bank remains on track for delivery in September 2018, with the first significant milestone successfully delivered in the period.
The full year results for the year ending 31 March 2018 will be announced on Thursday 7 June 2018. There will be a presentation at 9.30am on 7 June 2018 for institutional investors and analysts at CMC's offices at 133 Houndsditch, London, EC3A 7BX, United Kingdom. Those wishing to attend should contact investor.relations@cmcmarkets.com.
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation ("MAR"). Upon the publication of this announcement via Regulatory Information Service ("RIS"), this inside information is considered to be in the public domain.
Enquiries
CMC Markets Plc
Grant Foley, Chief Operating and Financial Officer
+44 (0)20 7170 8200
Camarco
Geoffrey Pelham-Lane
+44 (0)20 3757 4994
Ed Gascoigne-Pees
Jennifer Renwick