Ramsdens, the diversified financial services provider and retailer, today announces its Audited Annual Financial Results for the year ended 31 March 2017.
*Excludes exceptional IPO costs
**Adjusted Basic EPS reflects the shareholding structure at the year-end rather than weighted average and excludes exceptional IPO costs
Operational highlights:
· Successful flotation on AIM in February 2017
· Revenue up across all key business segments:
o FX revenue up 18% to £9.0m (2016: £7.6m)
o Pawnbroking revenue up 7% to £6.1m (2016: £5.7m)
o Precious metals revenue up 17% to £10.8m (2016: £9.3m)
o Retail jewellery sales revenue up 23% to £5.9m (2016: £4.8m)
· Over 730,000 customers served during the financial year
o FX customers increased 8% to more than 600,000
o Pawnbroking customers grew 14% to more than 33,000
· Currency exchanged increased 13% to £408m
· Pawnbroking loan book increased 5% to £6.0m
Peter Kenyon, Chief Executive, commented:
“FY17 was a transformational year for Ramsdens with the Group delivering good growth across all four of its key business segments and achieving the significant milestone of its admission to AIM.
We have made a strong start to the early part of the current year across all core segments. We are about to enter our seasonally important summer period and are confident of making further progress.”
Chairman, CEO, and full financial statements can be read in the original RNS here.
