TP ICAP GROUP PLC (LSE:TCAP)
£ 2.11 0 (0%) Market Cap: 1.63 Bil Enterprise Value: 1.04 Bil PE Ratio: 22.69 PB Ratio: 0.79 GF Score: 73/100

Preliminary Q4 2022 TP ICAP Group PLC Earnings Call Transcript

Mar 14, 2023 / 09:00AM GMT
Release Date Price: £1.7 (-4.60%)
Nicolas Noel Andre Breteau
TP ICAP Group PLC - Group CEO & Executive Director

So good morning, everyone, and thank you for joining us today, both in person and online. Our agenda for the morning is as follows: Robin will take you through our financial performance. The CEOs of business divisions. Dan Fields, Andrew Polydor, Mark Govoni and Eric Sinclair will report on their business. Then I will wrap up before we open up for questions.

But first, the headlines. We delivered a strong performance in '22. Macro events drove inflation to the highest rate indicates. As a result, Central Banks increased interest rates to levels last seen before the financial crisis. Against this backdrop, revenue grew 7% in constant currency and 13% on a reported basis.

Global Broking in particular, benefited from market volatility with high single-digit growth in constant currency across all asset classes. Productivity continued to improve. Revenue per broker was up 14%, and contribution per broker grew 20% before the impact of charges taken as a result of Russian sanctions.

Our high-margin

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