Marex Group reports Q1 adjusted EPS $1.48, consensus $1.38

Reports Q1 revenue $692.3M, consensus $661.28M. Ian Lowitt, Group Chief Executive Officer, stated: “This record result demonstrates the strength and resilience of our diversified business and our ability to continue to deliver consistent growth. This is our eighth quarter as a public company, and every quarter has demonstrated year-on-year profit growth, which illustrates our strengthening franchise. While all of our businesses performed well in the first quarter, elevated volatility supported particularly strong results in Market Making and Hedging and Investment Solutions. Performance in April has been positive thanks to favorable trading conditions and the continued growth of our platform. While we do not expect the extreme volatility seen in the first quarter to persist, thanks to the diversified business we have built we remain confident in our outlook for the full year.”