2009 has been another very successful year for IG and we have now achieved compound annual revenue growth of 40% over the past eleven years. The board has recommended a final dividend for the year of 11.0p per share, making a total distribution for 2009 of 15.0p per share, an increase of 25% on 2008.
London (PRWEB) July 26, 2009
On Tuesday 21 July 2009, IG Group Holdings plc, a world leader in financial spread betting and online derivatives trading, announced its preliminary results for the year ended 31 May 2009. Against a backdrop of chaos in financial markets worldwide, the Group posted good levels of growth in revenue and earnings per share.
- Revenue up 40% at £257.1 million (FY08: £184.0 million)
- EBITDA* up 33% at £131.1 million (FY08: £98.5 million)
- Adjusted EPS** up 22% at 24.74p (2008: 20.28p)
- Final dividend of 11.0p per share - total dividend of 15.0p per share, up 25%
- Acquisition of FXOnline Japan in October 2008
- New offices opened in Milan and Luxembourg
- New financial accounts opened up 74% at 74,331 (FY08: 42,693)
- Current trading strong
Tim Howkins, Chief Executive
"IG has again delivered excellent growth. We have made encouraging progress in each of our newer offices and they all have scope for significant further expansion. Alongside our direct offering to retail clients we also continue to develop our network of introducers and white label partners. The Group is in good health, with a strong competitive lead and I remain confident about the prospects for the coming year."
Jonathan Davie, Chairman
"2009 has been another very successful year for IG and we have now achieved compound annual revenue growth of 40% over the past eleven years. The board has recommended a final dividend for the year of 11.0p per share, making a total distribution for 2009 of 15.0p per share, an increase of 25% on 2008."
Notes to Editors
About IG Group
IG Group Holdings plc is a world leader in online financial trading, with more than 74,000 active financial clients around the globe. The Group has several operating companies offering speculative products to a worldwide retail and professional client base.
Expanding beyond its initial business in UK financial spread betting, IG Group has developed significant multinational operations with offerings in Contracts for Difference (CFDs), foreign exchange (forex) and sports spread betting.
Global Development and Growth
Formed in 1974, IG Index is the world's longest-running and largest spread-betting company. Financial spread betting offers a unique combination of flexibility, speed of execution and tax-free profits*, and IG Index offers spread bets on stock indices, forex, commodities, shares, options, interest rates, and more.
IG Group continues to innovate and grow its operations across the globe, including CFDs (Contracts for Difference) with the IG Markets brand, which offers CFD trading on global stock indices, forex dealing, share CFDs, commodities and more. The Group also offers sports spread betting through extrabet.com.
IG Group's global reach now includes offices in the UK, Australia, Singapore, Germany, France, Spain, Italy, Luxembourg, the USA, and Japan.
Today, the IG Group of companies employs over 800 staff around the globe, helping more than 74,000 clients make over a million transactions per month.
*Tax law can be changed or may differ depending on your personal circumstances.