⌘K
t
Vanquis Banking Group PLC announced on 1 February 2024 that its business traded broadly in line with management expectations since 17 October 2023, with an adjusted profit before tax for FY 2023 now expected to be £25 million. The Group will publish its full year results at 07:00 on Wednesday 27 March 2024. On the same afternoon, the Group will host a strategy seminar to cover its plans for profit growth, operational efficiency, and capital management.
| Date | 1 Feb 2024 |
| Time | 07:00:08 |
| Category | Trading updates |
| ID | 6037B |
Vanquis Banking Group full year trading update
London - 1 February 2024 - Vanquis Banking Group plc ('the Group'), the specialist bank, confirms that the business has traded broadly in line with management expectations since the Q3 trading update on 17 October 2023. Adjusted profit before tax1 (PBT) for FY 2023 is now expected to be £25m.
The Group will publish its full year results at 07:00 on Wednesday 27 March 2024, followed by an online results presentation. On the same afternoon, the Group is looking forward to hosting a strategy seminar that will cover its plans for delivering attractive and sustainable profit growth and returns, including its refreshed customer proposition, plans for delivery of operational efficiency and an update on the Group's capital management framework.
1 Adjusted profit before tax is stated before amortisation of acquisition intangibles, discontinued operations and exceptional items.
Enquiries
Analysts and shareholders
Miriam McKay, Interim Head of Investor Relations
miriam.mckay@vanquisbankinggroup.co.uk
07577 390666
Media
Richard King, Head of Corporate Affairs
richard.king@vanquisbankinggroup.co.uk
07919 866876
Simone Selzer, Nick Cosgrove - Brunswick
vanquisbankinggroup@brunswickgroup.com
0207 4045959
Ends