# Lighthouse Group plc ‘An excellent set of results’

- Link: https://www.directorstalkinterviews.com/lighthouse-group-plc-excellent-set-results/412746077
- Published: 2018-02-20T07:12:26+00:00
- Author: Giles Arbor

**Lighthouse Group plc** (LON:LGT), the national financial adviser of choice for
Middle Britain, today announces its final audited results for the year ended 31 
December 2017.

**Highlights**

· Revenues up 13 per cent. to £54 million (2016: £48 million);

· Recurring revenues generated from clients up 14 per cent. to £25 million (2016:
£22 million);

· EBITDA* up 27 per cent. to £2.8 million (2016: £2.2 million);

· Profit before tax up 32 per cent. to £2.5 million (2016: £1.9 million);

· New business from affinity relationships up 79 per cent. to £5.2 million (2016:
£2.9 million) with total revenues from affinity relationships up 41 per cent. to
£9.6 million (2016: £6.8 million);

· 21 affinity contracts now in place (2016: 19) with two new wins and two other 
contracts renewed;

· Average revenue production per adviser increased by 23 per cent. to £122,000 (
2016: £99,000);

· Net cash balances** £8.7 million (2016: £8.1 million);

· Operating cash flow generation £1.4 million after investment of £0.7 million in
customer solution development (2016: £0.7 million after £0.7 million investment 
expensed)

· Interim dividend of 0.12 pence per share (2016: 0.09 pence per share) paid and
final dividend of 0.30 pence per share proposed (2016: 0.18 pence per share) – an
increase for the full year of 55 per cent. over 2016; and

· Assets under management in Luceo Asset Management investment solutions £37 million(
2016: £4 million) through five funds (2016: three funds).

* Earnings before interest, tax, depreciation, and amortisation.

**Cash stated after deduction of bank loan of £NIL million (2016: £0.4 million).

> **Commenting on the results, Richard Last, Chairman of Lighthouse Group plc, said:**“
> Lighthouse has continued to progress in 2017 and has delivered an excellent set
> of results, driven entirely by organic growth and a particularly pleasing performance
> in the affinity business. The substantial rise in average annualised revenue per
> adviser was a key factor in achieving a 13 per cent. increase in revenues. This,
> along with a reduction in operating costs flowing from the Group’s continuing 
> focus on providing good customer outcomes, resulted in a substantial increase 
> in earnings. Lighthouse remain well positioned to deliver further growth.”

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