26 April 2016 – agm statement and trading update
The company has stated that it has made a positive start to the year with trading in line with management’s expectations. Organic growth continues both through business won from existing and new clients and effective cross selling of technology-led proposition. New business wins are ahead of the the same period a year earlier. Cornerstone relationships with Barclays, Tesco, MBNA, Lloyds, Royal Dutch Shell and Cemex have all been renewed or extended, demonstrating the quality of the companies Equiniti does business with. Management’s expectations for 2016 remain unchanged with organic revenue growth of 5%, supplemented by acquisitions, anticipated. We continue to rate the shares as a BUY.