# Lighthouse Group plc Excellent set of results alongside a number of strategic initiatives

- Link: https://www.directorstalkinterviews.com/lighthouse-group-plc-excellent-set-of-results-alongside-a-number-of-strategic-initiatives/412768014
- Published: 2019-02-26T07:29:36+00:00
- Author: Giles Arbor

**Lighthouse Group plc** (LON: LGT), the national financial advisory group, has 
today announced its final audited results for the year ended 31 December 2018.

**Financial Highlights**

· Underlying EBITDA* up 7 per cent. to £3.42 million (2017: £3.19 million);

· Profit before tax up 5 per cent. to £2.64 million (2017: £2.52 million)

· Revenues £53.42 million (2017: £54.11 million);

· Average annualised revenue production per adviser maintained at record level of
£122,000 from 2017;

· Recurring revenues generated from clients up 10 per cent. to £26.77 million (2017:
£24.39 million);

· Interim dividend of 0.20 pence per share (2017: 0.12 pence per share) paid and
final dividend of 0.50 pence per share proposed (2017: 0.30 pence per share) – a
year on year increase for the full year of 67 per cent.;

· Cash balances up £0.8 million or 8 per cent. to £9.55 million (2017: £8.73 million)
after investment in Tavistock Investments plc of £1 million and dividend payments
of £0.64 million (2017: £0.38 million);

· Operating cash flow generation £2.87 million after investment of £0.55 million
in customer solution development (2017: £1.38 million after £0.84 million investment
expensed).

**Operational Highlights**

· 23 affinity contracts now in place (2017: 21) with 2 new wins and 10 other contracts
renewed;

· Strategic agreement with and investment of £1 million for 5.3 per cent. stake 
in Tavistock Investments plc as part of long-term relationship.

**Post year end events**

· Completion of the strategic review of the Lighthouse Pensions Trust resulting 
in an exit from that business via a proposed transfer to Smart Pension Limited.

* Earnings before interest, tax, depreciation and amortisation and non-cash share-
based payment charge.

> **Commenting on the results, Richard Last, Chairman of Lighthouse Group plc, said:**
> “Lighthouse has continued to progress its strategy in 2018 despite softening market
> conditions in the second half of the year and has delivered an excellent set of
> results alongside a number of strategic initiatives. The substantial rise in recurring
> revenues together with maintenance of the record average annualised revenue per
> adviser, along with a reduction in operating costs flowing from the Group’s continuing
> focus on providing good customer outcomes, resulted in a further increase in earnings.
> Lighthouse remain well positioned to deliver further growth notwithstanding current
> market uncertainty.”

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