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Distribution Finance Capital Holdings PLC - Manchester, England-based provider of financing solutions for dealers and manufacturers in the UK - Says full-year results are expected to be ‘significantly ahead of market expectations’ with its loan book in the range of £650 million to £700 million, up from £581 million in 2023. Says its net interest margin continues to sit above expectations, with operating costs being managed well. It is guiding for full-year pretax profit of not less than £18.7 million, over four times the £4.6 million achieved in 2023 and with the firm noting the inclusion of a £3.0 million settlement. Chief Executive Carl D’Ammassa says: ‘2024 marks another year of strong delivery and execution against our business plan. The group remains well positioned in its strategy to become a multi-product lender and we remain excited by the level of interest in our asset finance product ahead of its expected launch in the first half of 2025.’
Current stock price: up 14% at 36.90 pence on Friday morning in London.
12-month change: 72%
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