PensionBee Group plc Pivotal Profitability Milestone Achieved (1379T)
2023年11月11日 - 12:30AM
ＲＮＳを含む英国規制内ニュース （英語）
TIDMPBEE
RNS Number : 1379T
PensionBee Group plc
10 November 2023
PensionBee Group plc
Incorporated in England and Wales
Registration Number: 13172844
LEI: 2138008663P5FHPGZV74
ISIN: GB00BNDRLN84
10 November 2023
PensionBee Group plc
Pivotal Profitability Milestone Achieved
PensionBee Group plc ('PensionBee' or the 'Company'), a leading
online pension provider, announces the achievement of Adjusted
EBITDA(1) profitability for October 2023, with Assets under
Administration(2) of approximately GBP4 billion.
Based on current market conditions, the Company expects to be
Adjusted EBITDA(1) profitable across the fourth quarter of 2023 and
for FY2024. The Company continues to maintain a robust cash balance
of over GBP12 million.
This performance has been driven by a combination of a growing
customer base, strong net inflows from new and existing customers,
the inherent scalability of its technology platform and sustainable
cost discipline.
Romi Savova, Chief Executive Officer of PensionBee, said:
"We are delighted to have achieved sustainable Adjusted EBITDA
profitability, which represents another key milestone in our
journey as a public company and delivers on the guidance we gave
investors at the time of our listing in April 2021.
We continue to grow our market share of the vast, addressable
GBP1 trillion UK Defined Contribution pension market as we leverage
our scalable technology platform and excellent customer service
capability to rapidly grow our customer base and their savings with
us. With nearly a quarter of a million customers entrusting us with
their pension savings, we are continuing to make progress towards
our purpose of helping consumers look forward to a happy
retirement."
Notes:
(1) Adjusted EBITDA is the profit or loss for the period before
taxation, finance costs, depreciation, share based compensation and
transaction costs.
(2) Assets under Administration is the total invested value of
pension assets within PensionBee Invested Customers' pensions.
(3) Invested Customers means those customers who have
transferred pension assets or made contributions into one of
PensionBee's investment plans.
Enquiries:
PensionBee
Rachael Oku
Laura Dunn-Sims
press@pensionbee.com
About PensionBee
PensionBee is a leading online pension provider, making pension
management easy for its customers while they save for a happy
retirement.
PensionBee helps its customers combine their old pension pots,
make flexible contributions, invest in line with their goals and
values and make withdrawals from the age of 55 (increasing to 57 in
2028.) PensionBee offers a range of investment plans, including
fossil fuel free and impact investing options, from some of the
world's largest asset managers.
Operating in the GBP1 trillion market of Defined Contribution
pension assets, PensionBee has grown rapidly through its
direct-to-consumer marketing activities, creating a household brand
name for the mass market.
The Company has c.GBP3.9bn in Assets Under Administration and
226,000 Invested Customers as at 31 October 2023. PensionBee has
consistently maintained a Customer Retention Rate in excess of 95%
and an Excellent Trustpilot rating, reflecting its commitment to
outstanding customer service.
PensionBee is admitted to trading on the Premium Segment of the
London Stock Exchange's Main Market (LON:PBEE).
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END
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(END) Dow Jones Newswires
November 10, 2023 10:30 ET (15:30 GMT)
Pensionbee (LSE:PBEE)
過去 株価チャート
から 11 2024 まで 12 2024
Pensionbee (LSE:PBEE)
過去 株価チャート
から 12 2023 まで 12 2024
