Profits All-round for Plus500 - Net Profit Hits Record $102.5 Million
by
Adil Siddiqui
The UK listed broker reports strong annual financials for 2014. Overall results showed solid gains in revenues, net profit and earnings per share, a treat for shareholders with a $92 mln dividend payout.
Plus500 reports a sharp rise in key financial metrics for the year of 2014. The FX and CFD brokerage firm has been a catch for investment banks and asset management firms and the current results reflect the firm’s position as one of the fastest growing companies in the margin derivatives sector.
Revenues increased 99% from figures reported in 2013, reaching $228.9 million, with the firm’s net profit also in the green rising 102.6% to $102.5 million. The news gives a much needed boost to both the Forex and CFD trading industry, as well as to the London regulated broker.
Key Financial Data 2014
Revenue increased 99% to $228.9 million (FY 2013: $115.1 million)
EBITDA1 increased 116% to $145.4 million (FY 2013: $67.3 million)
EBITDA margin increased to 63.6% (FY 2013: 58.5%)
Net profit increased 102.6% to $102.5 million (FY 2013: $50.6 million)
Earnings per share increased 89% to $0.89 (FY 2013: $0.47)
ARPU increased 63% to $2,160 (FY 2013: $1,325)
Operating cash flow of $118.9 million (FY 2013: $57.1 million)
Final dividend per share of $0.3001 (total pay out of $34.5 million) and a special dividend per share of $0.2657 (total pay out of $30.5 million), for a total dividend pay out of $65 million with ex-dividend date March 19, 2015
Total dividend for 2014 of $92 million, representing a pay out of 90% of net profit for the 12 months ended December 31, 2014
Dividend policy increased to a 60% pay out ratio with flexibility to pay special dividends as appropriate
Plus500 was a recent entrant to the UK listed market, joining hands with brokers such as IG and London Capital Group, the firm went for an IPO on the AIM listed market.
Gal Haber, Chief Executive of Plus500, commented in a statement: “We are delighted to announce another year of strong growth, once again achieving record levels of both revenue and profits with an increase occurring in almost all countries in which we operate. In particular, the Company saw a strong finish to the year as Volatility in the financial markets resulted in greater trading on our platform."
Among the metrics, the broker also reported continued growth in the total number of traders, the broker reporting over one hundred thousand traders.
Mr. Haber added: "Looking ahead, we continue to build our brand online as well as through traditional offline channels such as sponsorship of Atlético Madrid Football Club. We are also maintaining our technological lead through innovation and development to give our customers ease of access to our platform via the PC or any mobile device. The Board believes that its marketing efforts to reach new customers will continue to give the Company momentum resulting in sustained strong growth in 2015.”
Plus500 reports a sharp rise in key financial metrics for the year of 2014. The FX and CFD brokerage firm has been a catch for investment banks and asset management firms and the current results reflect the firm’s position as one of the fastest growing companies in the margin derivatives sector.
Revenues increased 99% from figures reported in 2013, reaching $228.9 million, with the firm’s net profit also in the green rising 102.6% to $102.5 million. The news gives a much needed boost to both the Forex and CFD trading industry, as well as to the London regulated broker.
Key Financial Data 2014
Revenue increased 99% to $228.9 million (FY 2013: $115.1 million)
EBITDA1 increased 116% to $145.4 million (FY 2013: $67.3 million)
EBITDA margin increased to 63.6% (FY 2013: 58.5%)
Net profit increased 102.6% to $102.5 million (FY 2013: $50.6 million)
Earnings per share increased 89% to $0.89 (FY 2013: $0.47)
ARPU increased 63% to $2,160 (FY 2013: $1,325)
Operating cash flow of $118.9 million (FY 2013: $57.1 million)
Final dividend per share of $0.3001 (total pay out of $34.5 million) and a special dividend per share of $0.2657 (total pay out of $30.5 million), for a total dividend pay out of $65 million with ex-dividend date March 19, 2015
Total dividend for 2014 of $92 million, representing a pay out of 90% of net profit for the 12 months ended December 31, 2014
Dividend policy increased to a 60% pay out ratio with flexibility to pay special dividends as appropriate
Plus500 was a recent entrant to the UK listed market, joining hands with brokers such as IG and London Capital Group, the firm went for an IPO on the AIM listed market.
Gal Haber, Chief Executive of Plus500, commented in a statement: “We are delighted to announce another year of strong growth, once again achieving record levels of both revenue and profits with an increase occurring in almost all countries in which we operate. In particular, the Company saw a strong finish to the year as Volatility in the financial markets resulted in greater trading on our platform."
Among the metrics, the broker also reported continued growth in the total number of traders, the broker reporting over one hundred thousand traders.
Mr. Haber added: "Looking ahead, we continue to build our brand online as well as through traditional offline channels such as sponsorship of Atlético Madrid Football Club. We are also maintaining our technological lead through innovation and development to give our customers ease of access to our platform via the PC or any mobile device. The Board believes that its marketing efforts to reach new customers will continue to give the Company momentum resulting in sustained strong growth in 2015.”
Nomura's Q4 Income Soars 123% on Strong Revenue Growth
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
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Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
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