Frenkel has reported a strong H1 performance as expected with revenue up +44% (we estimate organic +18% with strong post-acquisition growth from the 2022 acquisitions), EBIT +32% and adj. EPS +23%. Client retention remained very high at 99%, evidencing once again (alongside an EBIT margin of 20%) the consistent value of the services to clients. AUM grew +9%, an impressive performance given the challenging financial market conditions, reinforcing our view that the strategy of providing an end-to- ....
29 Sep 2023
Frenkel Topping - End-to-end service supporting clients in need drives growth
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Frenkel Topping - End-to-end service supporting clients in need drives growth
Frenkel Topping Group plc (FEN:LON) | 52.5 0 0.0% | Mkt Cap: 67.2m
- Published:
29 Sep 2023 -
Author:
Guy Hewett | Michael Clifton -
Pages:
13
Frenkel has reported a strong H1 performance as expected with revenue up +44% (we estimate organic +18% with strong post-acquisition growth from the 2022 acquisitions), EBIT +32% and adj. EPS +23%. Client retention remained very high at 99%, evidencing once again (alongside an EBIT margin of 20%) the consistent value of the services to clients. AUM grew +9%, an impressive performance given the challenging financial market conditions, reinforcing our view that the strategy of providing an end-to- ....