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Unaudited Interim Results for the six months ended 30 June 2014

09 September 2014

STM Group PLC (AIM: STM), the multi-jurisdictional financial services group, is pleased to announce its unaudited interim results for the six months ended 30 June 2014.

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Key Points:


2014 2013 Change
Revenue £7.4m £6.6m +12.1%
Earnings before interest, taxation, depreciation and amortisation ("EBITDA") £1.3m £0.8m +63%
Profit before taxation £1.0m £0.3m +313%
Earnings per share 1.17p 0.85p +38%
Cash at bank £5.5m £4.4m +25%
  • Profit margins increasing - EBITDA margin in 2014 of 17.5% (2013: 12.1%)
  • STM Pensions remains the Group's largest and most profitable division with continued growth and new product initiatives
  • STM Life gaining traction with new business growing month on month
  • Reduction in debt of £1.0m
  • Net cash generated by operations of £1.5m
  • Increased cash at period end of £5.5m

Commenting on the results and prospects for STM, Colin Porter, CEO, said:

"These results demonstrate the continued delivery of a new look STM, with more focus on supporting the IFA markets with product initiatives in the expatriate pensions and life assurance arena that meet their specific needs. As predicted, this has allowed us to differentiate ourselves from the traditional corporate and trustee service provider industry, where the market remains challenging, and places STM in an enviable position for continued growth and profitability for the coming years."

 

For further information, please contact:

STM Group PLC
Colin Porter, Chief Executive Officer Tel: + 350 200 42686
Therese Neish, Chief Financial Officer www.stmgroupplc.com
finnCap Tel: +44 (0)20 7600 1658
Charlotte Stranner / Christopher Raggett - Corporate Finance www.finncap.com
Mia Gardner - Corporate Broking
Media enquiries:
Walbrook PR Tel: +44 (0) 117 985 8989
Tom Cooper / Paul Vann Mob: +44 (0) 797 122 1972
[email protected]

 

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

UNITED KINGDOM

Options UK 
(part of STM Group Plc)
1st Floor Lakeside House
Shirwell Crescent
Furzton Lake
Milton Keynes
Buckinghamshire
MK4 1GA

UNITED KINGDOM

London & Colonial Services Limited
(part of STM Group Plc)
1st floor
21 Perrymount Road
Haywards Heath
West Sussex
RH16 3TP
UK

GIBRALTAR

PO Box 575
Montagu Pavilion
8-10 Queensway
Gibraltar
GX11 1AA

MALTA

San Gwakkin Building
Level 1
Triq is-Salib tal-Imriehel
Zone 4
Central Business District
Birkirkara, CBD4020
Malta

SPAIN

Edif. Sotovila
Plaza Mayor
P.N. de Guadiaro
Sotogrande
Cadiz
11311
Spain

HEAD OFFICE

Suite 315
5 Chancery Lane
London,EC4A 1BL
UK

REGISTERED OFFICE

1st Floor,
Viking House,
St Paul’s Square, Ramsey,
Isle of Man,
IM8 1GB.

STM is a multi-jurisdictional financial services group listed on AIM, a market operated by the London Stock Exchange.
The Group specialises in the administration of client assets in relation to retirement, estate and succession planning and wealth structuring.

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STM Group companies are regulated where required in their host jurisdictions.

STM in the UK (London & Colonial and Options UK): Financial Conduct Authority - STM in Gibraltar: Gibraltar Financial Services Commission - STM in Malta: Malta Financial Services Authority - STM in Spain: Director General de Seguros, Fondos y Pensiones: STM Nummos, SL figura inscrita en el Registro Mercantil de Cádiz, Tomo 1612, Hoja 6697, Libro 0, Folio 14. CIF B-11301199.

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