Close Brothers Group PLC (STU:CS3)
€ 2.68 -0.04 (-1.47%) Market Cap: 425.11 Mil Enterprise Value: 1.35 Bil PE Ratio: 3.95 PB Ratio: 0.19 GF Score: 53/100
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Half Year 2020 Close Brothers Group PLC Earnings Call Transcript

Mar 10, 2020 / 09:30AM GMT
Release Date Price: €12.91
Preben Prebensen
Close Brothers Group plc - CEO & Director

So I think we should -- we can begin. Good morning, and welcome to the presentation of our 2020 first half results. Mike Morgan, our Group Finance Director, will be taking you through our financial performance, and I'll then provide an update on the group and our strategy and outlook. Also with us today are Adrian Sainsbury, the Managing Director of our Lending businesses; Martin Andrew, the Chief Executive of Asset Management; and Phillip Yarrow, the Chief Executive of Winterflood.

And as usual, we'll be happy to take your questions after the formal presentation. As I mentioned, we do have people phoning in, we do have people on web, and so we'll be taking questions from them as well.

The group maintained strong returns and profitability in the first half, during a period of low activity in the U.K. economy, while staying true to our disciplined approach and commitment to investing through the cycle. A decline in profits in our Banking division was partially offset by an improved performance in Asset Management and

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