21st Jan 2005 07:00
Evolution Group PLC21 January 2005 FOR IMMEDIATE RELEASE 21 January 2005 Evolution Group Plc Trading Update During the second half of 2004 the Group continued to build on the strongprogress made during the first half, resulting in full year performance in linewith market expectations and significantly ahead of 2003. Within Evolution Securities, the Group's middle market investment bankingbusiness, the continued strong performance was driven by an increase intransactions performed for corporate clients, with record funds being raised forclients in this six month period. Christows, the Group's private client stockbroking and portfolio managementbusiness, has continued to progress according to plan and at the year end hasseen good growth in funds under management, providing increased recurringincome. At the year end the balance sheet position has strengthened with cash generatedfrom its operating businesses. The Board is actively considering the mostefficient mechanism to reward shareholders, and is confident of a year offurther progress in 2005. The Group's audited results for 2004 will be published before the end of March. For further information Evolution Group 020 7071 4300Alex Snow, CEO /Graeme Dell, FD GrandfieldCharles Cook / Samantha Robbins 020 7417 4170 Notes to Editors The Evolution Group plc is a leading mid-market integrated investment bank("Evolution Securities") and private client fund management group ("Christows")listed on the FTSE 250 with a market capitalisation of approximately£387million. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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