Lombard Risk Management reported results on 26 May: as anticipated, a loss. LRM is all about the sustainable delivery of sales growth from investments in software, marketing and the expanded routes to market now in place. The new management team has stated it anticipates “strong revenue growth” FY17 and FY18. We reflect this in the FY17E and FY18E figures we have published today. The FY17E sales growth continues to be invested to complete the programme of taking LRM to the next level. This is to expand larger sales tickets to top 30 global banks. LRM’s strong profile here has been significantly enhanced by the Oracle tie-up earlier in 2016.
