INTERIM MANAGEMENT STATEMENT FOR THE PERIOD TO 17 JULY 2012, INCLUDING REVENUES AND KPIs FOR THE THREE MONTHS ENDED 30 JUNE 2012 (Q1)
- Good Group performance achieved against backdrop of testing markets - total income up 10 per cent on Q1 last year at 209.5 million
- Information Services revenues rose 68 per cent, reflecting the benefits of the FTSE acquisition; up 2 per cent on an organic constant currency basis, with increased revenue from other information products offsetting declines in real time data income
- Post Trade Services total income remained resilient (and on a constant currency basis increased 8 per cent), reflecting good growth in treasury management income offset by a reduction in clearing and settlement revenues following lower trading in the period
- Capital Markets revenues decreased 15 per cent following subdued primary market activity (compared with a strong equivalent quarter last year), together with a slowdown in secondary market trading as markets continued to be affected by macro economic uncertainties
- MillenniumIT successfully went live on three markets in three continents during the period: five different trading platforms, including cash equities, fixed income and structured products at Borsa Italiana, now hosted in Milan, successfully migrated to Millennium Exchange; Johannesburg Stock Exchange and the Mongolian Stock Exchange also went live on MillenniumIT
- Regulatory and anti-trust processes are continuing in respect of the shareholder approved acquisition of 60 per cent stake in LCH.Clearnet; the competition authorities in the UK, Spain and Portugal are reviewing the proposed transaction.
Commenting on performance in the past quarter, Xavier Rolet, Chief Executive, said:
"We have delivered a good overall performance, reflecting our broad suite of products and services and the increased diversification of the Group.
"In particular, we have seen a strong contribution from FTSE, which continues to demonstrate good growth. In addition, this has been a great quarter for MillenniumIT which successfully saw Borsa Italiana, Johannesburg Stock Exchange and the Mongolian Stock Exchange all go live on its ultra-low latency trading technology. MillenniumIT technology has now been contracted by over thirty exchanges or other securities platform customers across Europe, Asia, Africa and the Americas.
"Our focus remains on developing partnerships with our customers, executing on our strategy and delivering on cost control and benefits from recent transactions."
