European Wealth Group – Capital Network: Planning for Growth
European Wealth Group (EWGL), the integrated financial planning and wealth management group, is due to release full year financial results for the 12 months to December 2016 in late March or early April 2017. Ahead of those results we have reviewed the Group’s recent progress and looked at what can reasonably be expected for business development and growth over the medium term.
With 95% of immediate business development completed (according to the Group’s management) and with asset growth and diversification achieved, management focus now shifts towards the challenge of growing EBITDA and reporting statutory profit. We believe that, given the positive changes in charging structure in financial planning and the volume growth through acquisition and other gathered assets, an improved EBITDA performance should be expected.
Quick facts: Kingswood Holdings Limited
Price: 26.4 GBX
Market Cap: £57.27 m
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