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.
The full results are available to
|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|
|Walbrook PR||Tel: +44 (0) 117 985 8989|
|Tom Cooper / Paul Vann||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