2nd Apr 2014 07:00
For immediate release | 2 April 2014 |
Plus500 Ltd.
("Plus500" or "the Company")
Trading update for the three months ended 31 March 2014
Increase of 207% in revenues to $60.7m in Q1 2014
Plus500, a leading online service provider for retail customers to trade CFDs internationally, is pleased to announce the following trading update for the three months ended 31 March 2014.
The Company has continued to experience significant growth, as highlighted in its maiden full year results published in February this year. Customer growth continues to increase with more than 50,000 active users trading across our platform. The Company believes that this excellent performance is underpinned by a combination of Plus500's growing brand awareness in its core markets coupled with the ongoing delivery of successful online marketing and affiliate programmes.
Key customer and revenues metrics for the three months ended 31 March 2014 were as follows:
FY 2013 | FY 2012 | %Growth YoY | Q1 2014* | Q1 2013* | %Growth | |
Revenues
Number of new customers1 | $115,088
56,819 | $56,127
37,050 | 105%
53% | $60,745
20,124 | $19,796
12,356 |
207%
63%
|
Number of active customers2 | 85,795 | 58,343 | 47% | 50,438 | 34,127 | 48% |
ARPU3 | $1,325 | $962 | 38% | $1,204 | $580 | 108% |
AUAC4 | $632 | $628 | 1% | $576 | $758 | -24% |
*Unaudited
The Company continues to see strong growth across Europe, especially in the UK, where it is now amongst the top five online CFD trading providers. The company also continues to make progress in other key growth territories, including Australia, where its brand and profile is strengthening. The Company believes that the ongoing improvement in the brand's strength is a significant contributor to its continued ability to attract new customers at an attractive cost.
The Company also benefited from market volatility and a buoyant Initial Public Offering ('IPO') market across Europe and in North America during the period. To accommodate for these new IPOs, the Company, using its proprietary technology, added a number of new CFD instruments to the platform, which has supported both new customers sign ups and revenue from existing customers.
As a result of this strong start to the year, the Company expects to exceed current market expectations for both revenue and profit for the year ending 31 December 2014.
Therefore, the Board can look ahead with strengthened confidence and reaffirms its commitment to pursuing a progressive dividend policy.
For further details:
Plus500 Ltd Elad Even-Chen, VP Business Development and Head of Investor Relations
| Tel: +972-4-8189503 |
Liberum - Nomad and Broker Chris Bowman / Thomas Bective www.liberum.com
| Tel: 020 3100 2222 |
Buchanan Jeremy Garcia / Sophie McNulty / Clare Akhurst www.buchanan.uk.com
| Tel: 020 7466 5000 |
About Plus500
Company website: www.plus500.com
Plus500 has developed and operates an online trading platform for retail customers to trade CFDs internationally over more than 1,900 different underlying global financial instruments comprising equities, ETFs, foreign exchange, indices and commodities. The Company enables retail customers to trade CFDs in more than 50 countries. The trading platform is accessible from multiple operating systems (Window, smartphones (iOS and Android) and tablets (iOS and Android)) and the internet. The Directors believe that the success of the Company to date has been primarily due to the proprietary technology it has developed and continues to develop to support the trading platform. The trading platform has been designed to be as intuitive and easy to use as possible. The trading platform has been localised into over 31 languages. The Directors believe that this emphasis on technology, together with the Company's targeted online marketing strategy, has helped to differentiate the Company from its competitors.
1 New Customers: Customers depositing for the first time ever during the period
2 Active Customers: Customers who made at least one real money trade during the period
3 Average revenue per user
4 Average user acquisition cost
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