No recommendation
No news or research item is a personal recommendation to deal. Hargreaves Lansdown may not share ShareCast's (powered by Digital Look) views.
(Sharecast News) - CMC Markets lifted its full-year guidance for net operating income on Wednesday as it hailed continued strong momentum, driven by "exponential and exceptional" growth in its B2B business.
The company now expects FY27 net operating income of at least 550m, up from previous guidance of 460m to 480m, with EBITDA guidance of 250m.
FY2027 guidance for operating expenses excluding variable remuneration of around 280m remains unchanged.
"The strength of this performance reflects the scale of our B2B platforms driving operational gearing and delivering higher profit margins as income growth is delivered against a largely fixed cost base," CMC said. "Our B2B platform business is well positioned to scale with several important milestones expected over the next 12 months and a continuous pipeline of new B2B opportunities."
The company said operational gearing and investing for growth through B2B platforms, products, technology and partnerships continue to drive profit margins higher.
See latest RNS on Investegate
The value of investments can go down in value as well as up, so you could get back less than you invest. It is therefore important that you understand the risks and commitments. This website is not personal advice based on your circumstances. So you can make informed decisions for yourself we aim to provide you with the best information, best service and best prices. If you are unsure about the suitability of an investment please contact us for advice.