Japan only blot on IG Group revenues
Full-year revenues increase for four of five regions, rising 17% year-on-year.
IG Group has seen full-year revenues increase across four of its five regions, the spread betting operator has revealed in its trading statement for the year ended 31 May.
Japan, the smallest of IG Group’s five markets, was the only one of the quintet to experience a year-on-year decline in revenues, with a 20% drop to £16.4m.
Much of the group’s 17% year-on-year revenue growth came in the first half of the financial year, with H1 revenues of £195.6m representing a 25% year-on-year increase. The company announced today that full-year revenues came in at £366.8m. Q4 revenue growth amounted to 12%, a sharp contrast to the 1.5% year-on-year increase in the third quarter.
The UK remains the operator’s core market, contributing more than half of group revenues. Revenues from the region increased 15% year-on-year to £191.8m, while the number of active clients grew 5% and revenue per client rose 10% for the period.
The Rest of World region “ including Singapore, South Africa and the United States “ provided IG Group with its most significant revenue growth in percentage terms. The 43% year-on-year increase was helped by a 47% rise in the fourth quarter, when revenues came in at £8.2m. however this region still only contributes 7.7% of overall group revenues.
Despite flat Q4 comparatives, Australian revenues rose 22% year-on-year to £58m while revenues from Europe came in at £72.2m, up 26% compared to the previous year. The company revealed in a statement that the European growth “was primarily driven by Spain, Italy and France.”
The year-on-year comparatives cover the final month of operations from the Extrabet arm, which was written off by IG Group in June last year.