Nucleus Financial Group (‘Nucleus’), the fintech platform for UK financial advisors has this morning reported final results for the year ended 31st December 2018. The EBITDA/PBT figures are slightly ahead of our original IPO expectations despite a tough end to 2018 which saw markets fall heavily in Q4 and net inflows slow significantly across the wealth management industry. Net revenue was up 9.6% (both years restated for IFRS 15, and also the reclassification of wrapper costs as
02 Apr 2019
Maiden full year results show slight beat
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Maiden full year results show slight beat
- Published:
02 Apr 2019 -
Author:
Shore Capital Research Team -
Pages:
4
Nucleus Financial Group (‘Nucleus’), the fintech platform for UK financial advisors has this morning reported final results for the year ended 31st December 2018. The EBITDA/PBT figures are slightly ahead of our original IPO expectations despite a tough end to 2018 which saw markets fall heavily in Q4 and net inflows slow significantly across the wealth management industry. Net revenue was up 9.6% (both years restated for IFRS 15, and also the reclassification of wrapper costs as