Trading Statement (9573Z)
24 Gennaio 2011 - 11:42AM
UK Regulatory
TIDMEVG
RNS Number : 9573Z
Evolution Group PLC
24 January 2011
24 January 2011
The Evolution Group PLC
(the "Evolution Group", the "Group", the "Company",
"Evolution")
Trading Update
Evolution Group, the listed investment bank and private client
investment management group, today issues its pre-close trading
update for the financial year ending 31 December 2010.
Trading update
The Group experienced better trading conditions towards the end
of the year and full year results are expected to be in line with
market estimates.
Outlook
The renewed confidence of investors would seem to be gathering
momentum, reflected by increases in equity market activity from
both our institutional and private clients so far in 2011. The
Group is experiencing a growing pipeline of corporate transactions
and seeing increasing opportunities to win new mandates.
Given the development of the scale, quality and breadth of the
Group's businesses over the past two years, Evolution can look
forward with optimism and with the prospect of ongoing improving
performance if market conditions continue to develop in line with
economic and business cycles.
Forward looking statements
This pre-close statement may contain forward-looking statements
with respect to the financial condition, results, operations and
businesses of The Evolution Group PLC. Such statements and
forecasts involve risk and uncertainty because they relate to
events and depend upon circumstances that will occur in the future.
There are a number of factors that could cause actual results or
developments to differ materially from those expressed or implied
by forward-looking statements and forecasts. Forward-looking
statements and forecasts are based on the Directors' current view
and information known to them at the date of this statement. The
Directors do not make any undertaking to update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise. Nothing in this pre-close statement
should be construed as a profit forecast.
-Ends-
For further information, please contact:
The Evolution Group PLC 020 7071 4300
Alex Snow, Chief Executive Officer
Andrew Westenberger, Finance Director
Attila Consultants
Charles Cook, Senior Partner 020 7776 8825
Notes to Editors:
The Evolution Group PLC
The Evolution Group is the holding company of Evolution
Securities Limited and Williams de Broe Limited. Founded in April
2001 and originally listed on AIM, the Evolution Group joined the
LSE Official List in 2003. The Group now has a market
capitalisation of approximately GBP170 million.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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