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Prices & Quotes - UK Markets - Plus500 Ltd (DI) (PLUS)

Risk Warning The value of investments can fall as well as rise and any income from them is not guaranteed and you may get back less than you invested. Past performance is not a guide to future performance.

Share Price:
Up 1,558.00p
Change Today:
9.50p
Market Cap:
1,619.11m
Sector:
Financial Services

Plus500 Q3 earnings jump amid market volatility, FY seen in line

By Michele Maatouk

Date: Tuesday 27 Oct 2020

LONDON (ShareCast) - (Sharecast News) - Contracts-for-difference platform Plus500 reported a jump in third-quarter revenue and earnings on Tuesday amid market volatility, and said results for the full year are set to be line with market expectations.
In the three months to 30 September, revenue rose 96% from the same quarter a year ago to $216.4m, with earnings before interest, tax, depreciation and amortisation up 91% at $134.2m.

The number of customers grew 90% to 46,238 while the number of active customers increased 78% to 197,976.

The company said the rise in revenue was driven by "unprecedented" market conditions which continue to provide trading opportunities for customers, "and due to the high quality, resilience and capability of Plus500's technology in managing the consequent elevated platform usage".

Customer income during the quarter was the second highest quarterly level in Plus500's history, although reduced from the record peak levels achieved in the second quarter. "This gradual reduction from peak levels has continued into Q4 2020," it said.

The company said group revenue and EBITDA for FY 2020 are expected to be in line with current consensus forecasts of $829.2m and $520.5m, respectively.

Chief executive officer David Zruia said: "Plus500 has delivered an excellent performance during Q3 2020, building on the positive momentum already achieved in the first half of the year. This performance has been driven by the quality and differentiation of our proprietary technology, which has enabled our business to consistently support our customers in these unprecedented market conditions.

"Given Plus500's exceptional performance this year to date, and with macroeconomic and sector-specific news flow continuing to provide significant trading opportunities for our customers, we remain very confident about the outlook for the business."





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PLUS Market Data

Currency UK Pounds
Price 1,558.00p
Change Today 9.50p
52 Week High 1,632.00p
52 Week Low 731.20p
Volume 167,601
Shares Issued 103.92m
Market Cap 1,619.11m

Performance Indicators

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What The Brokers Say

Strong Buy 2
Buy 0
Neutral 2
Sell 0
Strong Sell 1
Total 5
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

PLUS Dividends

  Latest Previous
  Interim Final
Ex-Div 20-Aug-20 27-Feb-20
Paid 11-Nov-20 13-Jul-20
Amount 95.31¢ 37.67¢

Trades for 26-Nov-2020

Time Volume / Share Price
15:38 35 @ 1,558.00p
15:36 3 @ 1,557.50p
15:36 28 @ 1,557.50p
15:36 36 @ 1,557.50p
15:36 19 @ 1,557.50p

PLUS Key Personnel

Chair Penelope Ruth Judd