News
08 September 2009
Final Results
Mattioli Woods plc (AIM: MTW.L), the specialist pensions consultancy, today reports its Final Results for the year ended 31 May 2009.
Highlights
- Revenue up 22.6% to £13.28m (2008: £10.83m)
- Profit before tax and amortisation1 up 11.3% to £4.13m (2008: £3.71m)
- Adjusted EPS1,2 up 10.7% to 17.12p (2008: 15.46p)
- Proposed final dividend up 37.5% to 2.75p (2008: 2.00p)
- Advising on £1.46bn (2008: £1.35bn) of core funds under trusteeship
- Core scheme numbers up 5.4% to 2,579 (2008: 2,446)
- Average core scheme value of £0.57m (2008: £0.55m)
- Cash at period end of £4.81m (2008: £2.54m)
1 Before amortisation of intangible assets other than computer software.
2 Basic EPS up 10.3% to 15.76p (2008: 14.29p).
Commenting on the Final Results, Bob Woods, Executive Chairman, said:
"I am delighted to report another year of strong results with continued growth in revenue and profits. Against the backdrop of an almost unprecedented downturn in global markets, the growth in core scheme numbers and funds under trusteeship over the past twelve months highlights the resilience of our business model and the value that clients place on our proactive and impartial advice.
"Revenue has more than doubled over the last four years, whilst the business has remained strongly cash generative. Accordingly, the Board believes it is appropriate to significantly increase the dividend payout.
"We are passionate about developing a business that can continue to deliver our highly-personalised services, but to a significantly higher number of clients. I expect the continuing shift in responsibility for pension provision from the state and the employer to the individual, higher savings ratios and proposed regulatory changes to present us with additional new business opportunities.
"Trading in the current period is in line with the Board's expectations and we remain confident the increase in marketing activity undertaken throughout the period will enhance our growth prospects."
The full results are available to view and download in PDF format.
For further information please contact:
Mattioli Woods plc |
|
| Bob Woods, Executive Chairman | Tel: +44 (0) 116 240 8700 |
| bob.woods@mattioli-woods.com | 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:
Financial Dynamics Limited |
|
| Ed Gascoigne-Pees / Nick Henderson | Tel: +44 (0) 20 7269 7114 |
| ed.gascoigne-pees@fd.com | www.fd.com |
Notes to editors
Mattioli Woods is one of the UK's leading and fastest growing providers of specialist pension consultancy and retirement wealth management. Its core services and advice are targeted towards the higher end of the market including controlling directors, professionals, owner-managed businesses and small to medium-sized PLCs.
The Group has focused particularly on advice on the application and administration of self-invested personal pensions (“SIPPs”) and small self-administered pension schemes (“SSASs”).
Mattioli Woods delivers the highest level of personal advice, maintaining very close relationships with its clients. The strength of its personal relationships has led to high levels of client satisfaction, retention and referrals.
Mattioli Woods provides clients with the following:
- Pensions and investment consultancy.
- Bespoke pension scheme administration and trusteeship, particularly for SIPP, SSAS and Group schemes.
- In-house investment research and broking.
- Property syndication.
- Structuring of investment products tailored to a particular client's needs.
- Assistance and advice with securing preferential banking arrangements for clients.
For more information visit www.mattioli-woods.com
Analyst presentation
There will be an analyst presentation to discuss the results at 9.30am today at Financial Dynamics, Holborn Gate, 26 Southampton Buildings, London WC2A 1PB.
Those analysts wishing to attend are asked to contact Kat Bloom at Financial Dynamics on +44 20 7269 7223 or at kat.bloom@fd.com.