Harwood Wealth Management Group PLC Trading Update (6463W)
November 16 2017 - 2:00AM
UK Regulatory
TIDMHW.
RNS Number : 6463W
Harwood Wealth Management Group PLC
16 November 2017
16 November 2017
Harwood Wealth Management Group
("HWMG" or "The Group")
Trading Update
for the year ended 31 October 2017
Harwood Wealth Management Group (AIM: HW.), a leading UK-based
financial planning and discretionary wealth management business, is
pleased to report that, following the close of its financial year
ended 31 October 2017, it expects to report revenue and adjusted
EBITDA performance for the full year ahead of market expectations.
The Company will report its audited full year results on 23 January
2018.
This performance has been driven by a mix of organic and
acquired growth, in line with the Company's stated strategy as well
as growth in market value. During the financial year just ended
seven acquisitions were completed for an aggregate consideration of
GBP2.9 million. Cash as at 31 October 2017 stood at GBP19.0
million, which reflects new acquisitions made during the year and
deferred considerations for acquisitions from previous periods,
balanced by the highly cash generative nature of the Company.
Peter Mann, Chairman of Harwood Wealth Management, stated:
"I'm delighted to report on a very successful year for Harwood
Wealth Management as the Company continues to deliver its focused,
stated strategy. The market continues to be highly fragmented and,
as we start the new financial year, the opportunity for further
value creating acquisitions remains strong."
For further information please contact:
Harwood Wealth Management Group
plc
Neil Dunkley, Joint Chief Executive
Officer
Alan Durrant, Joint Chief Executive +44 (0)23 9355
Officer 2004
N+1 Singer Advisory LLP +44 (0)20 7496
Alex Price / Alex Laughton-Scott 3000
Alma PR
Josh Royston / Rebecca Sanders-Hewett +44 (0)20 8004
/ Susie Hudson 4218
This information is provided by RNS
The company news service from the London Stock Exchange
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