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

Full Year 2024 Close Brothers Group PLC Earnings Call Transcript
Sep 19, 2024

€5.75 (-5.74%)

Earnings
Half Year 2024 Close Brothers Group PLC Earnings Call Transcript
Mar 19, 2024

€4.14 (+2.42%)

Earnings
Full Year 2023 Close Brothers Group PLC Earnings Call Transcript
Sep 26, 2023

€9.34 (-4.16%)

Earnings
Half Year 2023 Close Brothers Group PLC Earnings Call Transcript
Mar 14, 2023

€10.9 (-5.22%)

Earnings
Preliminary Q4 2022 Close Brothers Group PLC Earnings Call Transcript
Sep 27, 2022

€12.91

Earnings
Half Year 2022 Close Brothers Group PLC Earnings Call Transcript
Mar 15, 2022

€12.91

Earnings
Full Year 2021 Close Brothers Group PLC Earnings Call Transcript
Sep 28, 2021

€12.91

Earnings
Close Brothers Group PLC Investor Event - Corporate Call Transcript
Jun 15, 2021
Half Year 2021 Close Brothers Group PLC Earnings Call Transcript
Mar 16, 2021

€12.91

Earnings
Full Year 2020 Close Brothers Group PLC Earnings Call Transcript
Sep 22, 2020

€12.91

Earnings
Half Year 2020 Close Brothers Group PLC Earnings Call Transcript
Mar 10, 2020

€12.91

Earnings
Full Year 2019 Close Brothers Group PLC Earnings Call Transcript
Sep 24, 2019

€12.91

Earnings
Half Year 2019 Close Brothers Group PLC Earnings Call Transcript
Mar 12, 2019

€12.91

Earnings

Half Year 2024 Close Brothers Group PLC Earnings Call Transcript

Mar 19, 2024 / 09:30AM GMT

Release Date Price: €4.14 (+2.42%)

Transcript

Adrian Sainsbury

Close Brothers Group PLC - CEO

Good morning, and welcome to the presentation of Close Brothers first half 2024 results. I'll start with a brief reflection on our performance in the first half. Mike will then cover our financials. I'll come back and talk about recent developments following the FCA's announcement of the review into motor finance and also our strategy update. At the end, we welcome your questions, which you can submit either via telephone conference slide or over the webcast either submitted during or after the presentation.

Our businesses delivered a resilient performance in the first half. In banking, the loan book increased 4% with disciplined growth across all businesses at strong margins of 7.5% and an improved credit performance. CBAM delivered net inflows of 9%, although Winterflood performance remains affected by weakness in retail trading activity. We maintained our strong balance sheet and conservative approach to managing our financial resources, a long-standing priority for us. Our CET1 capital ratio was 13%, significantly above our applicable

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