Audited Final Results

11 March 2014

STM Group Plc (AIM: STM), the multi jurisdictional financial services group, is pleased to announce its audited final results for the 12 months ended 31 December 2013.

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Key Points:

2013 2012
Revenue £13.4m £11.6m
Earnings before interest, taxation, depreciation and amortisation (“EBITDA”) £0.9m £1.0m
Cash £4.1m £3.4m
  • Pensions division substantially increased revenue for 2013 to £5.9 million (2012: £3.6 million)
  • Diversification away from challenging trading conditions in the traditional CTS markets
  • New Business and Product Development Director and team in place.
  • Focus on increasing distribution network and development of new products.

Commenting on the results and current trading, Colin Porter, Chief Executive Officer at STM said:
 
“I am pleased to report on a year which demonstrates growth in our existing business and progress in our strategy of driving business development and product innovation. 

“Working closely with our intermediary advisers we have identified opportunities which we believe will deliver strong long term revenues.  The Board of STM looks forward to 2014 with cautious optimism and will provide a further update at the earliest opportunity.”

For further information, please contact:

STM Group PLC www.stmgroupplc.com
Colin Porter, Chief Executive Officer Tel: + 350 200 42686
[email protected]
Therese Neish, Chief Financial Officer Tel: + 350 200 42686
[email protected]
finnCap www.finncap.com
Charlotte Stranner / Chris Raggett - Corporate Finance Tel: +44 (0) 20 7220 0500
Simon Starr - Corporate Broking
Walbrook PR www.walbrookpr.com
Tom Cooper / Paul Vann Tel: +44 (0) 117 985 8989
Mob: +44 (0) 797 122 1972
[email protected]

 

Notes to editors:

STM is a multi-jurisdictional financial services group listed on the Alternative Investment Market of the London Stock Exchange. The Group specialises in the delivery of a wide range of financial service products to professional intermediaries and in the administration of assets for international clients in relation to retirement, estate and succession planning, and wealth structuring.

Today, STM has trading operations in Gibraltar, Malta, Jersey, and Spain. It has also recently opened satellite offices in South East Asia, the Middle East, and South Africa. The Group continues to expand through the development of additional products and services that its ever-more sophisticated clients demand.

STM has, for example, a dedicated international pensions division which specialises in Qualifying Recognised Overseas Pension Schemes (QROPS) and Qualifying Non-UK Pension Schemes (QNUPS); it also has a Gibraltar Life Insurance Company, STM Life Assurance PCC PLC, which provides life insurance bonds - wrappers in which a variety of investments, including investment funds, can be held.

Further information on STM Group can be found at www.stmgroupplc.com