Investec ( (GB:INVP) ) has issued an announcement.
Investec Group has released its pre-close trading update for the fiscal year ending March 31, 2025, highlighting a challenging yet progressive year. The Group expects a pre-provision adjusted operating profit increase of up to 12% compared to the previous year, driven by strategic client acquisition and strong balance sheet management. Despite a challenging operating environment, revenue growth was supported by diversified business operations and strong client franchises. The Group’s cost-to-income ratio is expected to improve, and credit loss ratios are anticipated to remain within acceptable ranges, reflecting strong credit quality. The Southern African business is projected to outperform the prior year, while the UK business shows mixed results due to specific impairments. Overall, Investec maintains robust capital and liquidity levels, positioning it well to support clients and execute strategic priorities.
More about Investec
Investec is a financial services company incorporated in South Africa and England, operating primarily in the banking and wealth management sectors. It offers a range of services including specialist banking, asset management, and wealth and investment services, with a focus on serving clients in both Southern Africa and the UK.
YTD Price Performance: -5.06%
Average Trading Volume: 981,193
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £9.32B
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