28 January 2021
Sanne Group plc
(Sanne or the Group)
Pre-close trading update and notice of full year results
Pre-close trading update
Sanne, the global provider of alternative asset and corporate services, today issues the following trading update.
Sanne expects to deliver underlying EPS for the year ending 31 December 2020 in line with its expectations and consistent with its trading update of 7 December 2020.
Despite the market backdrop being impacted by the on-going COVID-19 pandemic through the second half, Sanne continued to trade resiliently with increased client activity converting into new business wins during Q4. This delivered a robust new business performance with annualised new business wins of £22.5 million for the full year. This result should provide good growth momentum for 2021 and beyond. In addition, the business delivered a strong cash performance with underlying cash conversion above 90% for the period.
Sanne remains confident that the medium and long-term prospects for the industry are compelling and continues to focus on ensuring the Group is well-placed to take advantage of the significant structural growth drivers in its markets.
Notice of full year results
The Group expects to announce its full year results for the year to 31 December 2020 on Friday 19 March 2021.
Sanne Group plc +44 (0) 20 3327 9720
Martin Schnaier, Chief Executive Officer
James Ireland, Chief Financial Officer
Tulchan Communications LLP +44 (0) 20 7353 4200
Sanne is a leading global provider of outsourced alternative asset and corporate business services. Established for over 30 years and listed as a FTSE 250 company on the Main Market of the London Stock Exchange, Sanne employs around 1,800 people worldwide and administers structures and funds that have in excess of £250 billion of assets.
Key clients include leading alternative asset managers, global financial institutions, family offices and international corporates.
Sanne operates from a global network of offices located in leading financial jurisdictions, which are spread across the Americas, Europe, Africa and Asia-Pacific.
This announcement may contain forward-looking statements. Forward-looking statements sometimes use words such as "aim", "anticipate", "target", "expect", "estimate", "intend", "plan", "goal", "believe", "seek", "may", "could", "outlook" or other words of similar meaning. By their nature, all forward-looking statements involve risk and uncertainty because they relate to future events and circumstances which are beyond the control of the Company. As a result, the actual future financial condition, performance and results of the Company may differ materially from the plans, goals and expectations set forth in any forward-looking statements. Any forward-looking statements made in this announcement speak only as of the date they are made and the Company does not assume or undertake any obligation or responsibility to update any of the forward-looking statements contained in this announcement, whether as a result of new information, future events or otherwise, except to the extent legally required.
LEI Code: 2138005UBLKEZRITH576