Sanne Group (SNN)

Sector:

Financials

Index:

FTSE 250

618.00p
   
  • Change Today:
    -10.00p
  • 52 Week High: 752.00
  • 52 Week Low: 450.00
  • Currency: UK Pounds
  • Shares Issued: 146.53m
  • Volume: 123,726
  • Market Cap: £905.58m

Sanne profits and revenue rise as EMEA, US perform strongly

By Michele Maatouk

Date: Friday 22 Mar 2019

LONDON (ShareCast) - (Sharecast News) - Sanne, a provider of alternative asset and corporate services, posted a rise in full-year profit and revenue on Friday thanks to strong performances from its core businesses, particularly in EMEA and the US.
In the year to the end of December 2018, underlying pre-tax profit pushed up 11.8% to £42.6m on revenue of £143m, up 26.4% from 2017. This was driven by strong new business wins and growth in the company's alternatives and corporate businesses, which more than offset headwinds in the hedge and private client segments.

The EMEA and North America alternatives segments delivered organic growth of 16.3% and 16.1% respectively, while the Asia-Pacific and Mauritius business saw organic growth of 12.2%.

Sanne recommended a final dividend of 9.2p a share compared to 8.4p a year earlier, taking the total dividend for the year to 13.8p, up from 12.6p.

Chief executive officer Dean Goodwin said: "2018 was a significant year of growth and evolution for Sanne. Our core businesses continued to perform strongly, particularly in EMEA and the US, and we are encouraged to see the momentum building in Asia-Pacific Mauritius. Importantly, Sanne is now a business with a truly global platform and with a growing presence in the world's most attractive regions."

Sanne said good momentum in the alternatives and corporate businesses - which account for 86% of group revenues - positions it well for further growth in 2019, along with a strong market backdrop. The group expects to see an improvement in underlying operating profit margin this year and said it remains confident in its medium and long-term prospects.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

Sanne Group Market Data

Currency UK Pounds
Share Price 618.00p
Change Today -10.00p
% Change -1.59 %
52 Week High 752.00
52 Week Low 450.00
Volume 123,726
Shares Issued 146.53m
Market Cap £905.58m

Sanne Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
90.56% below the market average90.56% below the market average90.56% below the market average90.56% below the market average90.56% below the market average
91.04% below the sector average91.04% below the sector average91.04% below the sector average91.04% below the sector average91.04% below the sector average
Price Trend
30.69% below the market average30.69% below the market average30.69% below the market average30.69% below the market average30.69% below the market average
27.4% below the sector average27.4% below the sector average27.4% below the sector average27.4% below the sector average27.4% below the sector average
Income
65.73% below the market average65.73% below the market average65.73% below the market average65.73% below the market average65.73% below the market average
85.19% below the sector average85.19% below the sector average85.19% below the sector average85.19% below the sector average85.19% below the sector average
Growth
81.72% above the market average81.72% above the market average81.72% above the market average81.72% above the market average81.72% above the market average
78.51% above the sector average78.51% above the sector average78.51% above the sector average78.51% above the sector average78.51% above the sector average

What The Brokers Say

Strong Buy 2
Buy 0
Neutral 1
Sell 0
Strong Sell 0
Total 3
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Sanne Group Dividends

  Latest Previous
  Interim Final
Ex-Div 19-Sep-19 25-Apr-19
Paid 18-Oct-19 21-May-19
Amount 4.70p 9.20p

Trades for 17-Jan-2020

Time Volume / Share Price
16:38 10,500 @ 620.46p
16:35 363 @ 618.00p
16:35 568 @ 618.00p
16:35 569 @ 618.00p
16:35 10 @ 618.00p

Sanne Group Key Personnel

CFO James Ireland
CEO Martin Schnaier

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