Plus500 Limited Year End Trading Update (7629Y)
06 Enero 2020 - 1:00AM
UK Regulatory
TIDMPLUS
RNS Number : 7629Y
Plus500 Limited
06 January 2020
6 January 2020
Plus500 Ltd.
("Plus500" or "the Group")
Year End Trading Update
Plus500, a leading online service provider for trading Contracts
for Difference ("CFDs") internationally, today issues the following
trading update for its financial year ended 31 December 2019.
The Group expects to report revenue and EBITDA for the year of
approximately $354 million and approximately $190 million,
respectively. The Board is pleased with this performance,
reflecting a much improved second half compared to the first
half.
Further detail of Plus500's operational and financial
performance, and outlook, will be provided in the Group's
preliminary results for the financial year ended 31 December 2019,
which will be issued on Wednesday, 12 February 2020.
Asaf Elimelech, Chief Executive Officer of Plus500,
commented:
"We finished the year in good financial and operational shape
following a period of change for the industry, which has provided a
more certain regulatory outlook for Plus500. I am encouraged by the
momentum we have shown in the second half, reflecting continued
optimisation of our marketing spend, enhancements to our customer
service, and improvements in our proprietary technology platform.
Looking to 2020 we are confident of the prospects for the Group as
we focus on further strengthening our customer offering and market
positions."
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulation ("MAR"). Upon the publication of this
announcement via Regulatory Information Service ("RIS"), this
inside information is now considered to be in the public
domain.
For further details:
Plus500 Ltd Tel: +972-4 8189503
Elad Even-Chen, Chief Financial Officer
ir@Plus500.com
MHP Communications Tel: 020 3128
Reg Hoare, Rachel Mann, Pete Lambie 8570
plus500@mhpc.com
Forward looking statements
This announcement contains statements that are or may be
forward-looking statements. All statements other than statements of
historical facts included in this announcement may be
forward-looking statements, including statements that relate to the
Company's future prospects, developments and strategies.
The Company does not accept any responsibility for the accuracy
or completeness of any information reported by the press or other
media, nor the fairness or appropriateness of any forecasts, views
or opinions express by the press or other media regarding the
Group. The Company makes no representation as to the
appropriateness, accuracy, completeness or reliability of any such
information or publication.
Forward-looking statements are identified by their use of terms
and phrases such as "believe", "targets", "expects", "aim",
"anticipate", "projects", "would", "could", "envisage", "estimate",
"intend", "may", "plan", "will" or the negative of those,
variations or comparable expressions, including references to
assumptions. The forward looking statements in this announcement
are based on current expectations and are subject to known and
unknown risks and uncertainties that could cause actual results,
performance and achievements to differ materially from any results,
performance or achievements expressed or implied by such
forward-looking statements. Factors that may cause actual results
to differ materially from those expressed or implied by such
forward looking statements include, but are not limited to, those
described in the risk factors. These forward-looking statements are
based on numerous assumptions regarding the present and future
business strategies of such entity and the environment in which
each will operate in the future. All subsequent oral or written
forward-looking statements attributed to the Company or any persons
acting on its behalf are expressly qualified in their entirety by
the cautionary statement above.
Each forward-looking statement speaks only as at the date of
this announcement. Except as required by law, regulatory
requirement, the Listing Rules and the Disclosure Guidance and
Transparency Rules, neither the Company nor any other party intends
to update or revise these forward-looking statements, whether as a
result of new information, future events or otherwise.
About Plus500
Plus500 operates an online trading platform for individual
customers to trade CFDs internationally. The Group offers more than
2,400 different underlying global financial instruments, comprising
equities, indices, commodities, options, ETFs, foreign exchange and
cryptocurrencies. Individual customers of Plus500 can trade CFDs in
more than 50 countries and in 32 languages. The trading platform is
accessible from multiple operating systems (Windows, smartphones
(iOS, Android and Windows Phone), tablets (iOS, Android and
Surface) and web browsers). Plus500 retains operating licences and
is regulated in the United Kingdom, Australia, Cyprus, Israel, New
Zealand, South Africa and Singapore. Customer care is integral to
Plus500: customers cannot be subject to negative balances and there
are no commissions on trades. Plus500 does not utilise cold calling
techniques and does not offer binary options. A free demo account
is available on an unlimited basis for platform users, and
sophisticated risk management tools are provided free of charge to
manage your leveraged exposure, and stop losses to help customers
protect profits and limit capital losses. Plus500 is listed on the
main market of the London Stock Exchange, under the symbol PLUS.
www.plus500.com
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
TSTFLFVELSIEIII
(END) Dow Jones Newswires
January 06, 2020 02:00 ET (07:00 GMT)
Plus500 (LSE:PLUS)
Gráfica de Acción Histórica
De Mar 2024 a Abr 2024
Plus500 (LSE:PLUS)
Gráfica de Acción Histórica
De Abr 2023 a Abr 2024