18th Jul 2022 10:39
RBG Holdings PLC - London-based professional services company - Continues to trade in line with market expectations of GBP56.2 million for revenue and GBP13.1 million for adjusted pretax profit in 2022. Company notes a "particularly strong" performance for its Corporate and Banking practices under RBG Legal Services Ltd. Adds its specialist sell-side corporate finance boutique, Convex Capital Ltd, has a strong pipeline of 20 deals as of June 30.
Chief Executive Nicola Foulston says: "Having delivered the upgraded market expectations for the 2021 financial year, we are pleased with the continued solid trading performance of the group. Macro-economic conditions are volatile, and we are conscious of the ever-changing economic environment. However, our diversified strategy helps provide resilience and protection through a broad revenue base that is not dependent on any one sector."
RBG will publish its half-year results on September 13.
Current stock price: 88.50 pence, down 3.2% in London on Monday
12-month change: down 31%
By Heather Rydings; [email protected]
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