Fidessa group plc Interim Management Statement
30th April 2015
Fidessa group plc (LSE: FDSA), provider of high-performance trading, investment
management and information solutions for the world's financial community, today
issues its interim management statement for the period from 1st January 2015 to
date.
Whilst systemic risks and pressures have remained within the financial markets,
the gradual improvements in market conditions seen by Fidessa in the last year
have continued into 2015. This is expected to result in further reductions in
the headwind being faced as well as increased opportunity across all the
business lines. As reported with the 2014 results, Fidessa expects to see a
gradual increase in the growth rate from the level achieved in 2014 and this is
supported by the current sales pipeline. As new opportunities are opening up
they are requiring additional investment which is being carefully managed as
the year progresses.
Looking further ahead, Fidessa believes that stability and opportunity will
increasingly return to the markets and as its multi-asset initiative gains
further momentum, it will see growth levels returning closer to those it has
seen in the past. Fidessa remains excited by the potential for its
service-based offerings across all asset classes and segments of the market and
believes that it will continue to play an important role as customers focus on
efficiency, transparency, compliance and performance.
Fidessa continues to have a strong balance sheet with strong reserves, no debt,
strong cash generation and substantial levels of recurring revenue.
Enquiries:
Chris Aspinwall, Chief Executive Edward Bridges/Rebecca Flower
Andy Malpass, Finance Director FTI Consulting
www.fidessa.com Tel: +44 (0) 20 3727 1000
Tel: +44 (0) 20 7105 1000
Email: eu.info@fidessa.com
About Fidessa group
Exceptional trading, investment and information solutions for the world's
financial community.
New technology, new regulation, new challenges: making money in today's
financial markets is all about staying ahead of the curve. Having the
capability to spot new trends and act fast turns change into opportunity.
That's why many of the world's premier financial institutions trust Fidessa to
provide them with their multi-asset trading and investment infrastructure,
their market data and analysis, and their decision making and workflow
technology. It's also why $15 trillion worth of transactions flow across our
global network each year. Because we're the market leader, we can also offer
access to one of the world's largest and most valuable trading communities of
buy-side and sell-side professionals, from global institutions and investment
banks to boutique brokers and niche hedge funds.
Fidessa is a global business with scale, resilience, ambition and expertise.
We've delivered around 25% compound growth since our stock market listing in
1997 and we're recognised as the thought leader in our space. We set the
benchmark with our unrivalled set of mission-critical products and services
and, uniquely, serve both the buy-side and sell-side communities. Ongoing
investment in our leading-edge, integrated solutions ensures Fidessa remains
the industry's number one choice.