Equiniti Group plc (LON:EQN), an international technology-led services and payments specialist, is holding its Annual General Meeting today and is issuing the following trading update covering progress to date in 2019.
TRADING
The year has started well and the Board is confident of delivering in line with expectations for full year 2019.
The fidelity of our blue-chip client base remains high and all renewing relationships have been continued, including clients such as ABF, Fresnillo, M&G Prudential, Comcast and Proctor & Gamble. There have also been encouraging new client wins in the period and we are pleased to have secured new mandates across all of our divisions including National Grid, Danske Bank and DWF in the UK, and WABTEC and Cincinnati Financial in the US, along with a number of significant wins in our Pension Solutions business.
Trading in the US has been pleasing and integration is proceeding in accordance with previous guidance, with the separation of the business from Wells Fargo anticipated to conclude by June 2019.
OUTLOOK
Equiniti’s specialist and non-discretionary services are largely insulated from the continuing uncertainty in the macro-economic environment and our expectations for full year 2019 remain unchanged.
