Investment accounts
Adult accounts
Child accounts
Choosing Fidelity
Choosing Fidelity
Why invest with us Current offers Fees and charges Open an account Transfer investments
Financial advice & support
Fidelity’s Services
Fidelity’s Services
Financial advice Retirement Wealth Management Investor Centre (London) Bereavement
Guidance and tools
Guidance and tools
Choosing investments Choosing accounts ISA calculator Retirement calculators
Share dealing
Choose your shares
Tools and information
Tools and information
Share prices and markets Chart and compare shares Stock market news Shareholder perks
Pensions & retirement
Pensions, tax & tools
Saving for retirement
Approaching / In retirement
Approaching / In retirement
Speak to a specialist Creating a retirement plan Taking tax-free cash Pension drawdown Annuities Investing in retirement Investment Pathways
Plus500 backs FY expectations after 'strong' first half
(Sharecast News) - Plus500 backed its full-year expectations on Monday after a "strong" first-half performance despite "difficult" market conditions. In an update for the six months to 30 June, the company said revenue rose 8% on the same period a year earlier to $398.2m, while earnings before interest, tax, depreciation and amortisation grew 6% to $183.9m.
The group onboarded 56,759 new customers during the half, up from 50,449 in the same period a year earlier, and the base of active customers was 175,909, versus 175,762.
Plus500 said that as expected, its performance was achieved despite lower levels of activity across financial markets towards the end of the period, which were affected by the UEFA Euro 2024 Football Championship, a trend consistent with previous tournaments.
The company said revenue and EBITDA for the current financial year were set to be in line with current market expectations.
Chief executive David Zruia said: "Revenue and EBITDA increased meaningfully year-on-year, highlighting the inherent resiliency and strength of the group's differentiated business model. This underpins our continued focus on our stated strategy of expanding into new markets, developing new products and deepening relationships with our customers. We also delivered excellent operational progress across both our B2C (Retail) and B2B (Institutional) offerings to further reinforce our international competitive advantage and scale.
"Plus500 remains well positioned to capitalise on both short-term market conditions and the longer-term growth trends in its end markets. In the short-term, our increasingly diversified offering and intuitive trading platforms allow customers to access a wide variety of products, services and features across multiple markets. Over the medium-term, we will continue to invest in our strategic roadmap initiatives, which are enabled by our class-leading technology, deep customer engagements and robust financial position."
Share this article
Related Sharecast Articles
Important information: This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice. When you are thinking about investing in shares, it’s generally a good idea to consider holding them alongside other investments in a diversified portfolio of assets. Past performance is not a reliable indicator of future returns.
Award-winning online share dealing
Search, compare and select from thousands of shares.
Expert insights into investing your money
Our team of experts explore the world of share dealing.
Policies and important information
Accessibility | Conflicts of interest statement | Consumer Duty Target Market | Consumer Duty Value Assessment Statement | Cookie policy | Diversity, Equity & Inclusion | Doing Business with Fidelity | Diversity, Equity & Inclusion Reports | Investing in Fidelity funds | Legal information | Modern slavery | Mutual respect policy | Privacy statement | Remuneration policy | Staying secure | Statutory and Regulatory disclosures | Whistleblowing programme
Please remember that past performance is not necessarily a guide to future performance, the performance of investments is not guaranteed, and the value of your investments can go down as well as up, so you may get back less than you invest. When investments have particular tax features, these will depend on your personal circumstances and tax rules may change in the future. This website does not contain any personal recommendations for a particular course of action, service or product. You should regularly review your investment objectives and choices and, if you are unsure whether an investment is suitable for you, you should contact an authorised financial adviser. Before opening an account, please read the ‘Doing Business with Fidelity’ document which incorporates our client terms. Prior to investing into a fund, please read the relevant key information document which contains important information about the fund.
This website is issued by Financial Administration Services Limited, which is authorised and regulated by the Financial Conduct Authority (FCA) (FCA Register number 122169) and registered in England and Wales under company number 1629709 whose registered address is Beech Gate, Millfield Lane, Lower Kingswood, Tadworth, Surrey, KT20 6RP.