Business
Trading Statement
Trading Statement.
About this update from Plus500 Ltd.
[{"type":"text","content":"\n\n10 July 2023 \nPlus500 Ltd.\n(\"Plus500\", the \"Company\", or together with its subsidiaries the \"Group\")\nHalf Year 2023 Trading Update\nStrong financial and operational performance driving shareholder returns\nContinued strategic progress\nFY 2023 expected to be in line with current market expectations\nPlus500, a global multi-asset fintech group operating proprietary technology-based trading platforms, today issues the following trading update for the six months ended 30 June 2023[1]. \nAnother strong operational performance was delivered in H1 2023, supported by Plus500's continued ability to attract and retain higher value customers, driving higher lifetime values. This strong performance was achieved despite lower volumes across the wider financial markets during the period. Accordingly, the Board of Directors of the Company (the \"Board\") expects that Plus500's revenue and EBITDA for FY 2023 will be in line with current market expectations[2].\nContinued strong operational and financial performance\nPlus500 made good progress against its strategic initiatives, delivering another period of strong operational and financial performance during H1 2023, benefiting also from the Group's operations in the US. This performance was supported by the positive momentum achieved in recent years, the growing breadth of Plus500's product offering, deepening customer relationships and the proven strength of the Group's market-leading proprietary technology.\nFinancial and operational highlights (unaud...