Lombard Risk Management plc, a leading provider of integrated collateral management and regulatory compliance solutions for the financial services industry, is pleased to announce record, both for revenue and profits, results in annual report and accounts for year ending April 2013.
Lombard Risk Management plc is listed on the London Stock Exchange: ticker code LRM.
Highlights of 2013 annual report and accounts:
John Wisbey, Chief Executive Officer, Lombard Risk says: "This year was a record year both for revenue and profit with 31% headline growth in revenues to £16.8m and a rise of 77% in EBITDA to £ 5.3m. This growth was achieved despite the European Banking Authority delaying new regulatory reporting requirements in our key EMEA market, which deferred some revenues into the next period."
Wisbey continued: "We enter the new financial year with our highest level of recurring revenues ever, our highest contractual backlog to date, a healthy sales pipeline and a sound cash position. As a result, the Board views the future with optimism."
Philip Crawford, Chairman, Lombard Risk says: "As the Group's results have indicated, turnover growth has proved to be more than resilient to economic challenges and we remain optimistic for the future."