28th Jan 2016 07:00
28 January 2016
Sanne Group plc
("Sanne" or "the Group")
Trading statement
Sanne, the specialist provider of outsourced corporate and fund administration, reporting and fiduciary services, today provides a trading update following the Group's financial year end on 31 December 2015 and ahead of the results announcement due to be published on 21 March 2016.
The Group has enjoyed good growth across all seven of its core business lines in the year to 31 December 2015 through both increased revenue from existing clients and success in attracting new clients. Total secured new business for the year totalled approximately £13 million on a projected annualised fee basis. The full revenue impact of many of these new structures will commence in 2016.
This performance reflects both continued positive underlying markets and the Group's successful strategy to drive growth through its focus on alternative asset classes, with the Debt, Real Estate and Private Equity business divisions, in particular, seeing strong momentum.
Cash generation in the period has been good, continuing the Group's strong cash conversion profile.
Overall, the Board expects to report results for the full year in line with its expectations and the pipeline of new business wins gives the Board confidence about the prospects for the Group in 2016.
Enquiries:
Sanne Group plc Dean Godwin, Chief Executive Officer Spencer Daley, Chief Financial Officer
| +44 (0) 1534 722 787 |
Investec Bank plc Garry Levin / James Ireland Josh Levy / Matt Lewis
| +44 (0) 20 7597 5970 |
Citigate Dewe Rogerson Caroline Merrell Nick Hayns Michael Russell
| +44 (0) 20 7638 9571 |
Notes:
Sanne is a specialist global provider of outsourced corporate and fund administration, reporting and fiduciary services.
Established for over 25 years and listed on the Main Market of the London Stock Exchange, Sanne employs approximately 350 people worldwide and administers structures and funds that have in excess of €100 billion of assets.
The Group targets alternative asset markets that have high barriers to entry and require specialist expertise to service. Key clients include alternative asset managers, financial institutions and corporates.
The Group has a presence in established, international financial centres including Jersey, Guernsey, London, Luxembourg, Dublin, Dubai, Hong Kong, Shanghai and Singapore.
www.sannegroup.com
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