Archived article
Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.
Alpha Financial Markets Consulting PLC on Thursday said trading improved through the fourth quarter of its financial year despite a slower than planned January.
Shares in Alpha Financial were up 6.6% to 332.50 pence each in London on Thursday morning.
For its financial year ended March 31, the Paris-based asset and wealth management and insurance consultancy said it continues to expect to deliver net fee income growth of around 3% against the prior year.
It also expects adjusted earnings before interest, tax, depreciation and amortisation of £42 million to £43 million, down from £46.6 million in financial 2023, but at a slightly improved margin on the first half.
As previously reported, it said the global consulting market has experienced a ‘more competitive environment’ during the current financial year and the supply and demand dynamics continue to rebalance.
Chief Executive Officer Luc Baque said: ‘As noted last in February, challenging market conditions remain, and the market environment continues to rebalance supply & demand. However, it is encouraging to see some improvement in market conditions and increased sales wins in recent months and going into [financial 2025]’.
Alpha Financial will publish its full-year results on June 20.
Copyright 2024 Alliance News Ltd. All Rights Reserved.