Wilmington FY profits to be 'at least' 10% ahead of consensus

15th Mar 2022 08:20

(Sharecast News) - Wilmington said on Tuesday that full-year profits were set to be at least 10% above consensus market expectations after its major US face-to-face event was able to take place.

The company, which provides data, information, education and training in the global governance, risk and compliance markets, said its 'Rise National' event had successfully taken place. As a result, 2022 profitability is on track to be at least 10% higher than consensus expectations of £18.05m.

Wilmington had already said in its interims last month that trading in the current financial year to 30 June was ahead of its earlier expectations excluding this event.

Chief executive Mark Milner said: "We are delighted that Rise National has successfully returned to being a face-to-face event. This major event and the more general return of face-to-face events is a further cash generative boost to our profitability in the current financial year and beyond."

At 0930 GMT, the shares were up 8.6% at 270.50p.