Wednesday June 4, 07:52 AM
IG Group trading remains strong
LONDON (ShareCast) - Spread betting firm IG Group said trading remains strong and is confident of future growth as it starts its new financial year. "The group's financial business has benefited from high levels of market volatility
which is a key driver of client activity," the group said in a company statement.IG, which has opened four new businesses in France, Spain and the US, said it now expects to report a 50% increase in revenue to around £184m for the year to 31 May with an EBITDA margin of approximately 53%. "While it remains difficult to predict future trends in volatility or customer reaction to any change in market conditions, IG is well positioned for further growth...and the Board remains confident of the Group's prospects as we enter the new financial year," IG added.
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