Lombard Risk Management PLC Trading Statement and Results Date (6235C)

TIDMLRM

RNS Number : 6235C

Lombard Risk Management PLC

19 April 2017

Lombard Risk Management plc

("Lombard Risk" or the "Company")

Trading Statement and Results Date

Lombard Risk Management plc (AIM: LRM), a leading provider of integrated collateral management and regulatory reporting technology solutions for the financial services industry, today provides an update on trading for the Company's financial year ended on 31 March 2017.

The Company is pleased to announce that it expects to report revenues for the year, ahead of current market forecasts, in the region of GBP34.0m to GBP34.4m, primarily driven by strong revenue growth in the Company's Risk Management and Trading Software division.

The Company expects to report a year-end net cash balance of GBP7.0m and adjusted EBITDA in the region of GBP2.4m to GBP2.8m, significantly better than market expectations. The year-end cash balance was higher than expected due to a strong focus on debt collection and improved working capital management. Capitalised Research and Development is expected to be in the region of GBP7.5m.

The year ended 31 March 2017 has been one of substantial growth and investment for the Company, following the equity placing in June 2016 which provided the Company with funding to invest in its core products and its new onshore development centre in Birmingham, UK.

Philip Crawford, Chairman of Lombard Risk, commented: "The Lombard Risk two-year plan to achieve cash profitability was predicated on unlocking revenue growth by investing in both product and employees.

Following a year of significant investment in these areas the board is pleased to announce that it anticipates that Lombard Risk will exceed analyst consensus expectations for Revenue, EBITDA and cash. The company's management of cash during a year of such investment is particularly encouraging.

The second half of the year has seen a continuation of the significant growth in sales and revenue achieved in the first half of the year and has delivered two major product announcements for AgileREPORTER and AgileCOLLATERAL together with the opening of our development centre in Birmingham, UK.

The year to 31 March 2018 promises to be a pivotal year for Lombard Risk as we continue to liberate our clients from operational and regulatory complexity, and the Board remains confident in our plans and our ability to continue to execute them."

The Company's results for the year to 31 March 2017 will be released on 24 May 2017.

For further information, please contact:

   Lombard Risk Management plc                                      Tel: 020 7593 6700

Alastair Brown, CEO

Nigel Gurney, CFO

finnCap Tel: 020 7220 0500

Stuart Andrews (Corporate Finance)

Carl Holmes (Corporate Finance)

Scott Mathieson (Corporate Finance)

Emily Morris (Corporate Broking)

   WG Partners LLP (Joint Broker)                                       Tel: 020 3705 9330

David Wilson

Claes Spång

Chris Lee

   Newgate Communications                                              Tel: 020 7653 9850 
   Bob Huxford                                                                       Email: lombard@newgatecomms.com

Charlotte Coulson

Adam Lloyd

The information communicated in this announcement is inside information for the purposes of Article 7 of Regulation 596/2014.

About Lombard Risk

Lombard Risk is a leading provider of regulatory reporting and collateral management solutions to the financial services industry. Through intelligent automation and optimisation, Lombard Risk's clients are able to improve their approach to risk management, gaining the agility they need to have a competitive advantage. As well as bringing immediate and urgent solutions to clients' needs, Lombard Risk's global team of experts look beyond today's reporting and collateral management to develop technology solutions that help them adapt as industry challenges evolve.

Counting over 30 of the world's 'Top 50' financial institutions among its clients, Lombard Risk has been a trusted partner for 27 years. Founded in 1989 and headquartered in London, it has offices in Birmingham, New York and Asia Pacific (Hong Kong, Shanghai, Singapore and Tokyo), and service centres in Germany, Atlanta and Cape Town. Find out more at lombardrisk.com

This information is provided by RNS

The company news service from the London Stock Exchange

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