FY18 revenues were held back by the impact on client demand of the Q4 equity market correction and a levelling off in pension transfer activity. Nevertheless, revenue generated from affinity relationships continued to grow. Recurring revenue was up 10% and now accounts for more than 50% of customer revenue. The opportunity for the group to generate good long-term growth by meeting the need for financial advice, particularly within its affinity relationships, remains attractive.
12 Mar 2019
Lighthouse Group - Affinity and recurring revenue continue growth
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Lighthouse Group - Affinity and recurring revenue continue growth
Lighthouse Group (LGT:LON) | 0 0 (-2.1%) | Mkt Cap: 49.2m
- Published:
12 Mar 2019 -
Author:
Andrew Mitchell -
Pages:
13 -
FY18 revenues were held back by the impact on client demand of the Q4 equity market correction and a levelling off in pension transfer activity. Nevertheless, revenue generated from affinity relationships continued to grow. Recurring revenue was up 10% and now accounts for more than 50% of customer revenue. The opportunity for the group to generate good long-term growth by meeting the need for financial advice, particularly within its affinity relationships, remains attractive.