14th Mar 2005 09:00
Investec PLC14 March 2005 Investec plc and Investec Limited ("Investec" or "the group") Investor Pre-Close Briefing Investec continues to see strong performance from all divisions in the second half of the financial year Positive outlook across all divisions Investec is today hosting an investor pre-close briefing starting at 09:00 (GMT)which will focus on developments within the group's core business areas in thesecond half of the current financial year ended 31st March 2005. Operating fundamentals across the group have continued the positive trends seenin the first half and as reported at the interim results announcement on 25thNovember 2004. In the second half of the financial year the group has seen performance in linewith its expectations from the Private Client, Treasury and Specialised Financeand Property Investment Banking divisions. In addition, the group has seenstronger performance from the Investment Banking, Asset Management, CentralFunding and Assurance divisions. Stephen Koseff, Group Chief Executive, commented: "Although the year has not yet ended, we have had a good second half so far andare on track to deliver a strong performance for the financial year ended 31stMarch 2005. We have benefited from our continued strict focus on drivingprofitable growth in our key business areas and geographies, as we deliverinnovative solutions for our clients and respond to their needs at a time ofstrong fundamentals for our business. We have built on our good first half performance and are seeing the momentumcontinue in all areas of our business. In addition to this we continue to makesignificant progress towards achieving our stated growth and financial returnobjectives." Bernard Kantor, Group Managing Director, commented: "We have continued to work hard on building a distinctive sustainable businessmodel. We believe that the overall quality of our business has improvedsignificantly over the last few years, and we will continue to concentrate onthe fundamentals of growing revenues, improving efficiency and maintainingcredit quality in order to deliver value to our shareholders." Presentation details The investor pre-close briefing presentation will be broadcast live via videoconference from the group's offices in Johannesburg to London and Cape Town. Thebriefing will also be available via a live and recorded telephone conferencecall and a delayed webcast. Further details in this regard can be found on thewebsite at: www.investec.com Investor Relations timetable : Financial year-end: 31 March 2005 Release of preliminary results: 19 May 2005 For further information please contact: Investor Relations Citigate Dewe Rogerson Ursula Munitich Simon Rigby +44 207 597 5546 +44 207 282 2847 [email protected] About Investec Investec is an international specialist banking group that provides a diverserange of financial products and services to a niche client base in threeprincipal markets, the United Kingdom, South Africa and Australia as wellas certain other countries. The group was established in 1974 and currently hasapproximately 4 100 employees. Investec focuses on delivering distinctive profitable solutions for its clientsin five core areas of activity namely, Private Client Activities, Treasury andSpecialised Finance, Investment Banking, Asset Management and PropertyInvestment Banking and Asset Management. In July 2002 the Investec group implemented a dual listed company structure withlistings on the London and Johannesburg Stock Exchanges. Management and staffown approximately 20% of the equity share capital of the group. At 30 September 2004, total shareholders' funds were £765 million, third partyassets under management were £36 billion and core loans and advances were £5.5billion. The combined group's current market capitalisation is approximately £2billion. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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