The latest update is out from Phoenix Group Holdings ( (GB:PHNX) ).
Phoenix Group Holdings reported robust financial performance for 2024, achieving significant progress in its strategic goals and financial metrics. The company surpassed its Operating Cash Generation target two years ahead of schedule, enabling debt repayment and investment in business growth. With a 31% increase in IFRS adjusted operating profit, Phoenix Group has upgraded its financial targets through 2026, enhancing its market positioning and shareholder value. The company’s strong cash generation and strategic execution have allowed for a recommended dividend increase, reflecting confidence in its growth trajectory and commitment to delivering sustainable returns to stakeholders.
More about Phoenix Group Holdings
Phoenix Group Holdings is a leading UK-based company in the retirement savings and income industry, focusing on providing Pensions, Savings, and Retirement Solutions. The company operates with a strong emphasis on capital-light businesses and aims to support customers through their retirement journey with innovative financial products and services.
YTD Price Performance: 2.75%
Average Trading Volume: 2,396,771
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: £5.24B
See more data about PHNX stock on TipRanks’ Stock Analysis page.
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