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Plus500 Ltd. — Earnings Release 2013
Oct 17, 2013
6292_rns_2013-10-17_4f30295b-9a02-47c6-9a83-98d1662f0b25.html
Earnings Release
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RNS Number : 7056Q
Plus500 Limited
17 October 2013
| For immediate release | 17 October 2013 |
Plus500 Ltd.
("Plus500" or "the Company")
Trading Update for nine months ended 30 September 2013
Increase of 52.7% in revenues to $64.7m in the first nine months 2013
Plus500, a leading online service provider for retail customers to trade CFDs internationally, today announces the following update to trading for the nine months ended 30 September 2013.
Trading during the period continued to be strong, as highlighted in the Company's maiden interims results announced in August this year. Customer acquisition strengthened during the period with more than 62,000 active users trading across our platform. This excellent growth demonstrates an ongoing strengthening in Plus500's market position and the effectiveness of the Company's leading online marketing and affiliate programmes. Despite a relatively quiet quarter in terms of general 'market volatility' customer growth and revenues continued on an upward trend.
Key customer and Revenues metrics for the periods ended 30 September 2013 after 9 and 3 months were as follows:
| Full year | 9 Months | 3 Months | |||
| 2012 | 2012 | 2013 | Q3 2012 | Q3 2013 | |
| Number of new customers[1] |
37,050 | 28,812 | 37,284 | 8,710 | 12,658 |
| Active customers[2] | 58,343 | 52,064 | 62,984 | 31,050 | 37,000 |
| Revenues $ (000's) | 56,127 | 42,337 | 64,682 | 12,019 | 20,009 |
| AUAC ($)[3] | 628 | 618 | 689 | 635 | 632 |
The Company's focus on expanding its geographic footprint remains a key strategic goal. Whilst the UK remains an active and buoyant market for Plus500, ongoing efforts to extend the Company's reach in the EEA and Australia continue to gather significant momentum. The Company is also exploring a number of commercial possibilities in new geographies as well.
The development of the Company's trading platform, which is a key competitive advantage to its peers, continues to evolve in order to meet the growing demands of our active customer base. For example, recently the Company released a new interface for iOS 7 users. Plus500 has continually added new instruments to its supported portfolio to meet customer demand across the geographies where it operates. As a result of continued strong momentum, the Company expects to comfortably exceed revenue expectations and substantially exceed profit expectations for the year ending 31 December 2013.
Therefore, the Board can look ahead with renewed confidence and reaffirms its commitment to pursuing a progressive dividend policy.
Company website: www.plus500.com
For further details:
Plus500 Ltd
Elad Even-Chen, Head of Investor Relations Tel: +972-4-8189503
Liberum Capital - Nomad and Broker
Chris Bowman / Christopher Britton / Thomas Bective Tel: 020 3100 2000
Buchanan
Jeremy Garcia / Sophie McNulty / Clare Akhurst Tel: 020 7466 5000
[1] A customer who has deposited real money into their own account for the first time
[2] A customer who makes at least one trade using real money on the Trading Platform during the relevant period
[3] Average user acquisition cost
This information is provided by RNS
The company news service from the London Stock Exchange
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