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

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Share Price:
Up 1,463.50p
Change Today:
26.50p
Market Cap:
1,485.60m
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 1,463.50p
Change Today 26.50p
52 Week High 1,632.00p
52 Week Low 1,107.00p
Volume 307,215
Shares Issued 101.51m
Market Cap 1,485.60m
Beta 0.00

Performance Indicators

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Operating Margin
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What The Brokers Say

Strong Buy 2
Buy 0
Neutral 1
Sell 0
Strong Sell 1
Total 4
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

PLUS Dividends

  Latest Previous
  Final Special
Ex-Div 25-Feb-21 25-Feb-21
Paid 12-Jul-21 12-Jul-21
Amount 54.22¢ 28.70¢

Trades for 14-May-2021

Time Volume / Share Price
16:59 68,859 @ 1,458.78p
16:45 231 @ 1,462.00p
16:45 231 @ 1,462.00p
16:44 28,908 @ 1,460.90p
16:35 41,003 @ 1,463.50p

PLUS Key Personnel

Chair Jacob A. Frenkel