IG GROUP HOLDINGS plc
Results for the year ended 31 May 2012
IG Group Holdings plc ("IG" or "the Group") today announces results for the year ended 31 May 2012.
Highlights:
- Net trading revenue up 17.3% to £366.8 million (2011: £312.7 million)
- Profit before tax up 13.8% to £185.7 million (2011: £163.2 million)
- Diluted earnings per share(1) of 37.54p up 15.3% (2011: 32.57p)
- Cash generated from operations of £140.7 million, after tax (2011: £136.7 million)
- Final dividend per share of 16.75p. Total dividend per share for FY12 of 22.50p, up 12.5% (2011: 20.00p)
- Dividend per share represents 60% of diluted earnings per share
- Strong, debt free balance sheet, with a 330% excess over regulatory capital resources requirement (2011: 294%)
- Solid growth in active clients and revenue per customer
1.The comparative profit before tax and diluted EPS and the percentage increases calculated thereon are based on an adjusted measure excluding the amortisation and impairment of intangible assets associated with the Group's Japanese Business. Both profit before tax and diluted EPS have been presented for the continuing business, excluding the discontinued Sport business.
Tim Howkins
Chief Executive
"For the year as a whole we increased revenue by 17%. Undoubtedly this success sets us some tough comparatives for the year ahead, but we will continue to invest appropriately in the capabilities of our business, in technology, marketing and geographic and product development, to position the company for long term growth. I remain confident in the prospects for the business going forward."
Jonathan Davie
Chairman
"I am pleased to report on another year of great delivery, with strong growth in revenue, profit and dividend. We have continued with our core strategies, which combine technological excellence with client service to drive growth in new and established markets."
Financial highlights:
|
For the year ended 31 May |
2012 |
2011 |
Growth % |
|
|
|
|
|
|
Net trading revenue (£m) |
366.8 |
312.7 |
17.3% |
|
EBITDA (£m) |
196.3 |
173.5 |
13.1% |
|
|
|
|
|
|
Profit before taxation (£m) |
185.7 |
163.2 |
13.8% |
|
Statutory profit before taxation (£m) |
185.7 |
12.5 |
|
|
|
|
|
|
|
EBITDA margin |
53.5% |
55.5% |
|
|
Profit before taxation margin |
50.6% |
52.2% |
|
|
|
|
|
|
|
Diluted earnings per share |
37.54p |
32.57p |
15.3% |
|
Final dividend per share |
16.75p |
14.75p |
|
|
Total dividend per share |
22.50p |
20.00p |
12.5% |
|
Dividend payout (% diluted earnings per share) |
59.9% |
61.4% |
|
|
|
|
|
|
|
Own funds generated from operations (£m) |
140.7 |
136.7 |
|
|
Total available liquidity (£m) |
311.5 |
218.8 |
|
|
Regulatory capital adequacy |
330.5% |
294.2% |
|
