Interim Results for the six months ended 31 March 2009
18 June 2009
JELF CONTINUED GROWTH
Jelf Group plc, a leading independent corporate consultancy providing advice on insurance, employee benefits including healthcare, commercial finance and wealth management, today announces its interim results for the six months ended 31 March 2009.
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The complete results are available to download in PDF Format
Financial highlights
- 40% growth in Revenue to £35.0m (2008: £25.0m)
- 11% growth in EBITDAE to £3.5m (2008: £3.1m)
- 5% organic revenue growth in Employee Benefits
- Cash generated from operations of £8.3m (2008: £6.5m)
- 10% EBITDAE margin (2008: 12%)
Operating highlights
- Growth continues,
- Good cross sales through existing client relationships and major acquisitions
- Integration of major acquisitions made in 2008 going to plan
- Investment in people and systems continues
- Focus on costs has achieved results but there is more to be done as the economic downturn continues
- Award of 2* (Outstanding) Investors In Customers from (IIC)
Alex Alway, Group Chief Executive, said:
"Market conditions remain extremely difficult and I do not expect that to change this year. Furthermore we have yet to see the benefits of a hardening of insurance rates in the market. Despite these external factors, the overall growth in our revenues and profits highlights the resilience of the business. However, I do expect the economic downturn to continue into next year and this will present fresh challenges to both our clients and the Group which will have to be addressed."
ENQUIRIES:
| Jelf Group Plc | |
| Alex Alway, Group Chief Executive | 01454 272713 |
| Rose Clark, Director of Finance | 0117 315 6563 |
| Cenkos Securities Plc | |
| Ian Berry | 0207 397 8926 |
Notes to Editors:
Jelf Group was founded by Chris Jelf in 1989. Today, the Jelf Group operates from a number of premises in England & Wales and offers an extensive range of corporate and private client services; The Group advises in excess of 40,000 corporate clients across a range of disciplines. These clients cover the spectrum from significant public companies to small owner-managed businesses. Core Jelf clients are medium-sized owner-managed businesses.
The Group has continued to strengthen its corporate support infrastructure and integrate the acquisitions made.
Further information is available on Jelf Group at the Group's website: www.jelfgroup.com.