Highlights:
- Revenue
increased by 8% to £4.32m (2008: £4.01m)
- Profitability
achieved by Trading and Risk businesses, with both COLLINE® Collateral
Management software and Oberon® valuation software profitable
- More contract
wins for COLLINE® and good progress on implementation at Tier 1
Continental European bank
- Loss before
interest and tax reduced to £0.63m before bad debt charge relating to
prior year revenues (2008: £0.83m)
Future prospects
- Ongoing demand
for COLLINE®: good progress with the implementation of
COLLINE® collateral management software at a high profile Tier 1 bank
won against main competitors demonstrating the product's ability to
deal with high volume international banks as well as medium sized and
smaller clients, while strong demand continues from banks and asset
managers.
- Regulatory
market continues to grow: Liquidity Standards regulation announced by
FSA in October 2009 to come into effect during 2010 should be positive
for the Group's Regulatory business, as should further proposals on
Capital Standards expected to come into effect in 2011.
- Strengthened
Balance Sheet: Fund-raising completed after end of period has
strengthened the Balance Sheet. Combined with good commercial prospects
this leaves the Company well placed for the next few years.
The full results are available here:
Interim Results
2009
Enquiries:
Lombard Risk
Management plc:
John Wisbey, Chairman and Chief Executive
Keith Butcher, Finance Director
Tel : +44 (0)20 7089 3700
Noble &
Company Limited
John Llewellyn-Lloyd
Sam Reynolds
Chris Connors
Tel: +44 20 7763
2200
City Profile
Simon Courtenay
Tel: +44 (0)20 7448 3244
Click here to email Lombard Risk's
Investor Relations team
