JTC announces 2020 full-year results

Posted: 13/04/2021

BL63_NigelLeQuesne3JTC has published its full-year results, which show continued growth despite the impact of the pandemic.   

For the year ended 31 December 2020, the Jersey-based, London Stock Exchange listed public company reported a 15.9% increase in total revenue to £115.1m and a 9.4% rise in underlying EBITDA to £38.7m, representing an EBITDA margin of 33.6%.

The rise in revenue was achieved from a combination of net organic growth and acquisitions – 7.9% and 8.0% respectively.  

The results were in line with the company’s medium-term market guidance of 8%-10% net organic revenue growth and a 33%-38% underlying EBITDA margin.

The performance was strong across both divisions of the group. Institutional Clients Services reported revenue up 17.8% and Private Client Services reported revenue up 13.7%. 

JTC’s new business wins increased by 20.1% and its new business pipeline was up by 49.7%, supporting a positive outlook for 2021.

The total dividend per share for 2020 is 6.75 pence, an increase of 27.4% compared with the previous year.

Nigel Le Quesne (pictured), Chief Executive Officer of JTC, commented: “If there was a year that tested our people, our culture, and the resilience of our business model, it was 2020.  

"The rise in revenue was achieved by a balanced combination of net organic growth and growth by acquisition, with strong contributions from Institutional Clients Services and Private Client Services. We believe JTC is well equipped to continue to succeed and grow.”

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