Audited Final Results
05 March 2013
STM Group PLC (AIM: STM) is an international financial services group and is pleased to announce its audited final results for the 12 months ended 31 December 2012.
The full results are available to
|Earnings before interest, taxation, depreciation and amortisation ("EBITDA")||£1.0m||£0.7m|
- Pensions division has come of age, with substantially increased revenue for 2012 of £3.6 million (2011: £0.6 million)
- Building of distributions network helping to deliver new products in new markets
- Diversification from difficult trading conditions in the traditional CTS markets
- Positive start to 2013
Commenting on the results and current trading, Colin Porter, Chief Executive Officer at STM said:
"The economic climate in 2012 has been widely recognised as being challenging for those operating in pan-European markets. STM has taken proactive steps to address these challenges and to build a robust business for the future. It is particularly pleasing therefore to be announcing results for 2012 that represent an improvement on 2011 together with significant strategic progress.
"2013 has started off in a positive way across the Group as a whole, and is reflective of the efforts made in 2012 to increase distribution and markets for our various revenue streams."
For further information, please contact:
|STM Group PLC||www.stmgroupplc.com|
|Colin Porter, Chief Executive Officer||Tel: + 350 200 42686|
|Alan Kentish, Chief Financial Officer||Tel: + 350 200 78614|
|Marc Young / Christopher Raggett - Corporate Finance||Tel: +44 (0) 20 7220 0500|
|Simon Starr - Corporate Broking|
|Tom Cooper / Paul Vann||Tel: +44 (0) 117 985 8989|
|Mob: +44 (0) 797 122 1972|
Notes to editors:
STM is a multi-jurisdictional financial services group listed on the Alternative Investment Market of the London Stock Exchange. The Group specialises in the delivery of a wide range of financial service products to professional intermediaries and in the administration of assets for international clients in relation to retirement, estate and succession planning, and wealth structuring.
Today, STM has trading operations in Gibraltar, Malta, Jersey, and Spain. It has also recently opened satellite offices in South East Asia, the Middle East, and South Africa. The Group continues to expand through the development of additional products and services that its ever-more sophisticated clients demand.
STM has, for example, a dedicated international pensions division which specialises in Qualifying Recognised Overseas Pension Schemes (QROPS) and Qualifying Non-UK Pension Schemes (QNUPS); it also has a Gibraltar Life Insurance Company, STM Life Assurance PCC PLC, which provides life insurance bonds - wrappers in which a variety of investments, including investment funds, can be held.
Further information on STM Group can be found at www.stmgroupplc.com