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Plus500 FY revenue and EBIT seen 'significantly ahead' of market expectations

By Iain Gilbert

Date: Monday 16 May 2022

Plus500 FY revenue and EBIT seen 'significantly ahead' of market expectations

(Sharecast News) - Fintech outfit Plus500 said on Monday that trading had continued to be "very strong" in the second quarter, with the group growing increasingly confident of its full-year performance.
As a result of its "strong performance" in 2022 year-to-date, Plus500 now anticipates that full-year revenue and underlying earnings will be "significantly ahead" of current market expectations.

Plus500 stated the solid start to the year had been driven by the development of new proprietary technologies and product offerings, which it said will deliver growth and drive expansion and diversification across new geographies.

The FTSE 250-listed firm, which vowed to continue to build its strategic position through organic investments and actively targeting acquisitions, highlighted that its financial position remained "very robust" and that it continues to be debt-free, with healthy cash balances driven by consistently high levels of cash generation.



Reporting by Iain Gilbert at Sharecast.com

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