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Foster Denovo|News & blogs|News|FD Group releases 2013 financial results

FD Group releases 2013 financial results

Foster Denovo Group plc, the parent company of national financial advisory business Foster Denovo Limited and fund management company Sequel Investments Limited, today announces its audited financial results for 2013.

Revenue in the year increased to £24.97m from £21.67m (15.23%).
Following significant investments across the Group and increased provisions in Foster Denovo Limited, some of which the Board anticipates being reversed in future periods, profit before tax was £246k representing EBITDA for the year of £572k.

Revenue increased by 8.4% in Foster Denovo Limited through increased adviser numbers and productivity.

Roger Brosch, CEO, said: “I am pleased to report that underlying trading remains strong. The industry has gone through real transition, and we have invested heavily during this period. We look forward to continuing to progress the business during 2014 and beyond.”

To read the full press release, please click here.

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