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Alpha Financial Markets Consulting PLC on Thursday said trading improved through the fourth quarter of its financial year despite a slower than planned January. Shares in Alpha Financial were up 6.6% to 332.50 pence each in London on Thursday morning. For its financial year ended March 31, the Paris-based asset and wealth management and insurance consultancy said it continues to expect to deliver net fee income growth of around 3% against the prior year. It also expects adjusted earnings before interest, tax, depreciation and amortisation of £42 million to £43 million, down from £46.6 million in financial 2023, but at a slightly improved margin on the first half. As previously reported, it said the global consulting market has experienced a ‘more competitive environment’ during the current financial year and the supply and demand dynamics continue to rebalance. Chief Executive Officer Luc Baque said: ‘As noted last in February, challenging market conditions remain, and the market environment continues to rebalance supply & demand. However, it is encouraging to see some improvement in market conditions and increased sales wins in recent months and going into [financial 2025]’. Alpha Financial will publish its full-year results on June 20. Copyright 2024 Alliance News Ltd. All Rights Reserved.
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