PraxisIFM publishes interim results

Posted: 22/01/2019

Financial services group PraxisIFM has published its unaudited interim report and accounts for the half year ended 31 October 2018.

The highlights include the following:
• Revenue  for  the  period  was  £31.9 million  (2018: £19.1 million),  up  67%  compared  with  the  same period in the prior year
• The firm has achieved organic growth of more than 8% compared with the same period last year 
• EBITDA has increased by 58% to £6.3 million (2018: £4 million)
• Adjusted EBITDA, has increased by 52% to £7 million for the period (2018: £4.6 million)
• The group’s headcount has increased to 550, and from nine to 17 jurisdictions – this includes 70-plus staff in Jersey and more than 200 in Guernsey
• The board has declared a dividend of 1.75p per share

PraxisIFM Group Chief Executive Officer Dr Simon Thornton commented: "The group has continued to deliver strong growth, with its three core divisions performing well. 

"The acquisitions we have made – InAdmin, Global Forward, Nerine and Jeffcote Donnison – have added to our scale and geographical reach, and we see opportunities to develop our wider service offering into our new offices. We continue to focus on organic growth and maintain a healthy new business pipeline."

• The interim results and accounts are available to view here 

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