Edison Investment Research - WH Ireland (WHI) QuickView: Half-year results

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Edison Investment Research

QuickView: Half-year results

WH Irelandâ€™s efforts to bring greater focus to its Wealth Management and
Corporate Broking businesses had a positive impact on H1. Wealth
Management fee income grew 55% y-o-y with discretionary AUM up 16% from
the year end. Retainer fee income and client numbers in Corporate Broking
also increased. Improvement on profitability is still needed and management
plans to lift the operating margin (just 2% in H1) towards the industry norm
(we estimate 15%) through further revenue growth and cost efficiencies.
Existing measures will positively affect H2 with further efficiencies in 2016.

21/07/2015 2 EN

Underlying

WH Ireland

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United Kingdom

Provider

Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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QuickView: Half-year results

Strategic Investor buys 23% of WHI

Strategic progress in choppy waters

Achieving growth in falling markets

Manx Financial Group - Termination of coverage

musicMagpie - Termination of coverage

Topps Tiles - Accelerating growth through Q125

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