News
20 February 2007
Interim Results for the six months to 30 November 2006
Mattioli Woods plc (AIM: MTW.L) the specialist pensions consultancy, reports its Interim Results for the six months ended 30 November 2006.
Highlights
- Revenue increased by 20.4% to £4.34 million (2005: £3.61million)
- Profit before interest and tax up 55.1% to £1.52 million (2005: £0.98 million)
- Earnings per share of 6.3 pence (2005: 5.0 pence)
- Interim dividend to shareholders of 0.85 pence per share (2005: nil)
- Normalised operating margin increased to 33.4% (2005: 28.1%)
- Graduate recruitment is creating platform for growth
- Continued development of innovative products and services
Commenting on the Interim Results, Bob Woods, Executive Chairman of Mattioli Woods, said: “It gives me great pleasure to report revenue up 20.4% in the six months ended 30 November 2006 compared with the same period in 2005. We are operating in a sector that has been stimulated by beneficial legislative changes and strong investment markets. These factors, together with ongoing demand for self-administered and self-invested pensions, have resulted in the anticipated increase in our revenues.
“Normalised operating margin also increased to 33.4% (2005: 28.1%) as a result of efficiencies arising from changes made to our administration systems in the run-up to A-Day and tight cost control.
“Robust trading has continued into the start of the second half, and I remain confident our business can look forward to further growth in 2007 and beyond.”
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 |
Ian Mattioli, Chief Executive |
Tel: +44 (0) 116 240 8700 |
Nathan Imlach, Finance Director |
Tel: +44 (0) 116 240 8700 |
Evolution Securities Limited |
|
Joanne Lake, Corporate Finance |
Tel: +44 (0) 113 243 1619 |
Media enquiries:
Abchurch Communications |
|
Justin Heath / Louise Thornhill |
Tel: +44 (0) 20 7398 7700 |