News
04 September 2007
Final Results for the year ended 31 May 2007
Mattioli Woods plc (AIM: MTW.L), the specialist pensions consultancy, today reports its Final Results for the year ended 31 May 2007.
Highlights
- Turnover increased by 18.9% to £9.00 million (2006: £7.57 million)
- Profit before tax up 45.2% to £3.15 million (2006: £2.17 million)
- Earnings per share up 28.0% to 12.8 pence (2006: 10.0 pence)
- Proposed total dividend of 2.55 pence per share (2006: 1.4 pence per share)
- Organic growth of 21.1% in SIPP numbers (2006: 19.1%)
- Maturity and awareness of SIPPs continues to increase demand
- Advising on funds under trusteeship of over £1 billion (2007: £818 million)
- Strong client retention
- Acquisition of Pension Consulting Limited (“PCL”) completed in July 2007
Commenting on the Final Results, Bob Woods, Executive Chairman of Mattioli Woods, said:
“These results reflect our ability to deliver high levels of organic growth, whilst pursuing our strategy of accelerating this growth through targeted acquisitions.
“Providing excellent client service has maintained our strong record of client retention and we are proud to have reached the significant milestone of growing SSAS and SIPP funds under trusteeship to over £1 billion following the acquisition of PCL.
“The expansion in the SIPP market seen to date will be boosted as SIPPs are becoming a mainstream pension vehicle. I believe further regulatory and market changes over the next few years will present us with new growth opportunities and I’m confident we are well-positioned to take advantage of these.
“Trading since the year end has continued to be positive and I look forward to the future with enthusiasm.”
The full results are available to view and download in PDF format.
For further information:
Mattioli Woods plc |
|
Bob Woods, Executive Chairman |
Tel: +44 (0) 116 240 8700 |
| www.mattioli-woods.com |
| Ian Mattioli, Chief Executive | Tel: +44 (0) 116 240 8700 |
| ian.mattioli@mattioli-woods.com | www.mattioli-woods.com |
| Nathan Imlach, Finance Director | Tel: +44 (0) 116 240 8700 |
| nathan.imlach@mattioli-woods.com | www.mattioli-woods.com |
| Evolution Securities Limited | |
| Joanne Lake, Corporate Finance | Tel: +44 (0) 113 243 1619 |
| joanne.lake@evosecurities.com | www.evosecurities.com |
Media enquiries:
| Abchurch | |
| Georgina Bonham / Emma Johnson | Tel: +44 (0) 113 203 1340 |
| emma.johnson@abchurch-group.com | www.abchurch-group.com |