Interim Results for the six months ended 30 June 2012

18 September 2012

STM Group PLC (AIM: STM), the cross border financial services provider, is pleased to announce its interim results for the six months ended 30 June 2012.

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Key Points:


30 June 2012 30 June 2011
Revenue £5.10m £5.07m
Earnings before interest, taxation, depreciation and amortisation ("EBITDA") £0.6m £0.8m
Cash £3.4m £3.3m
  • As predicted, STM Pensions substantially contributing to Group turnover and profitability
  • Profitability impacted by £0.2m non-recurring operating costs
  • Distribution channels growing

Commenting on the results and the prospects for STM, Colin Porter, CEO said:

"The first half of 2012 has performed broadly in line with managements' expectations and continues to build on the 2011 performance.

"Despite the challenges presented by the present economic turmoil the Group continues to expand its product offering. Early 2012 has seen significant growth in the more main stream QROPS pension products aimed at the expatriate market, which has alleviated certain pressures on the core CTS division."

 

For further information, please contact:

STM Group PLC
Colin Porter, Chief Executive Officer Tel: 00 350 200 51610
Alan Kentish, Chief Financial Officer www.stmgroupplc.com

finnCap		 Tel: +44 (0)20 7600 1658
Marc Young / Christopher Raggett - Corporate Finance www.finncap.com
Simon Starr - Corporate Broking
Media enquiries:
Walbrook PR Tel: +44 (0) 20 3176 4722
Tom Cooper / Paul Vann Mob: +44 (0) 797 122 1972
[email protected]