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Sanne Group sees FY results in line with views

28 January 2016 07:50

Sanne said, overall, it expects to report FY results in line with views and the pipeline of new business wins gives directors confidence about the prospects for the Group in 2016.

"The Group has enjoyed good growth across all seven of its core business lines in the year to 31 December 2015 through both increased revenue from existing clients and success in attracting new clients.

"Total secured new business for the year totalled approximately £13 million on a projected annualised fee basis. The full revenue impact of many of these new structures will commence in 2016.

"This performance reflects both continued positive underlying markets and the Group's successful strategy to drive growth through its focus on alternative asset classes, with the Debt, Real Estate and Private Equity business divisions, in particular, seeing strong momentum.

"Cash generation in the period has been good, continuing the Group's strong cash conversion profile."

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