News
21 February 2006
Interim Results for the six months to 30 November 2005
Mattioli Woods, the specialist pensions consultancy, reports its maiden interim results for the six months ended 30 November 2005.
Highlights
- Turnover increased by 7% to £3.61 million for the six months
- Profit before interest and tax of £1.07 million in line with expectations
- Earnings per share of 5.6 pence
- June 2005 acquisition of client portfolio of Geoffrey Bernstein successfully integrated
- Office move to new premises in Leicester in September 2005
- Joined AIM in November 2005
- Acquisition of Suffolk Life SSAS portfolio in January 2006
- New SIPP launched in conjunction with Bank of Scotland
Commenting on the interim results, Bob Woods, Executive Chairman of Mattioli Woods, said: "In a period where the Group incurred significant costs associated with listing on AIM, I am pleased to report increased turnover with profits and earnings in line with expectations.
These results provide a strong platform for future growth, and in line with this strategy we acquired Suffolk Life Group plc's portfolio of small self-administered pension scheme ("SSAS") clients in January 2006. We believe "A-Day" will not only boost the current rate of growth in our markets, but will also lead to rationalisation within the sector, which may lead to further acquisition opportunities.
We look forward to 2006 with confidence and enthusiasm."
The full results are available to view and download in PDF format.
For further information:
Mattioli Woods plc |
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| Bob Woods, Executive Chairman Ian Mattioli, Chief Executive Nathan Imlach, Finance Director |
Tel: +44 (0) 116 240 8700 |
Williams de Broë Plc |
|
| Joanne Lake, Corporate Finance |
Tel: +44 (0) 113 243 1619 |
| joanne.lake@wdebroe.com | www.wdebroe.com |
Media enquiries:
Abchurch |
|
| Sarah Hollins/Justin Heath |
Tel: +44 (0) 113 203 1341 |
| sarah.hollins@abchurch-group.com | www.abchurch-group.com |