JTC has
reported another strong year of trading, with Group revenue for 2019
increasing by more than 28% to £99.3m.

Published
today (22 April), the company’s 2019 full year results show that
JTC, which is headquartered in Jersey and listed on the Main Market
of the London Stock Exchange (LSE), grew revenues by 28.5% to £99.3m
in 2019, reflecting a combination of net organic growth of 8.4%
(15.4% gross) and growth from acquisitions of 20.1%. 

In
line with expectations, JTC also reported an increase in its
underlying EBITDA profit margin of 0.9pp to 31.9%.

Across
its Divisions, Institutional Client Services (ICS) reported a 26.4%
increase in revenue to £54.8m whilst Private Client Services (PCS)
reported a 31.2% increase to achieve revenues of £44.5m. These
positive results were driven by a record year for new business wins
in 2019 totalling £14.9m across the Divisions, comprising £8.9m won
by ICS - up 48% from 2018 - and £6m by PCS - up 62%.

In
addition, JTC acquired Exequtive Partners in Luxembourg and small
bolt-ons in the Cayman Islands and Netherlands, during the reporting
period for 2019. Meanwhile, reflecting JTC’s shared ownership
culture, JTC was also included as a case study in Harvard Business
School’s MBA programme in 2019.

Nigel
Le Quesne, Chief Executive Officer of JTC, said:

"2019
has seen another strong set of results maintaining our 32 year record
of revenue and profit growth. In particular, we have seen good
revenue growth, further margin improvement and record new business
wins in both Divisions. We have maintained our disciplined approach
to acquisitions with Exequtive Partners in 2019 and the Sanne private
client business and NES Financial (US fund services) in Q1 2020.

“I
would like to take this opportunity to extend my thanks to the
excellent JTC team for their dedication and support in 2019 and in
particular in their response to the challenges brought by the
Coronavirus pandemic in 2020.”

The
full set of results can be found here.