25 Jan 2011
Mattioli Woods plc (AIM: MTW.L), the specialist pensions consultancy, today reports its Interim Results for the six months ended 30 November 2010.
To download the full results in PDF format, click here
• Revenue up 12.7% to £7.43m (1H10: £6.59m)
1. Before acquisition costs expensed under IFRS3 (Revised), amortisation and impairment of intangible assets other than computer software
Commenting on the Interim Results, Bob Woods, Executive Chairman, said:
"I am very pleased to report a strong set of interim results, with continued progress across the Group and double digit growth in revenue and profits. Our newly acquired businesses are performing well and our ambition to continue expanding our operations, both organically and by further strategic acquisitions, remains on track.
The Government's new pensions initiatives herald an exciting new era for the industry. Against the backdrop of an increasingly sophisticated market in which consumers will seek trusted, competent and impartial advisers, I am confident our strategy to develop broader wealth management services, complementary to our core pensions services, will match this changing market demand and deliver strong sustainable growth. Current trading is in line with the board's expectations and we are pleased to announce an increased interim dividend up by 13.8%.
For further information please contact:
Mattioli Woods plc
Ian Mattioli, Chief Executive
Nathan Imlach, Finance Director
Evolution Securities Limited
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 Justine Cording at Financial Dynamics on +44 20 7269 7265 or at firstname.lastname@example.org.
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