JTC said annual results would meet expectations after a year of strong new business growth for the asset manager.
New business rose 16% on an annualised basis to £20.9m and JTC said it was pleased with progress on integrating seven acquisitions made during the year to the end of December.
The margin for underlying earnings before interest, tax, depreciation and amortisation was consistent with guidance and is moving towards medium-term guidance of 33-38%, the FTSE 250 group said.
Nigel Le Quesne, JTC’s chief executive, said: “2022 will see us build upon the progress made in 2021, while continuing to focus on delivering client service excellence, maintaining strong organic growth within the core business and capturing high quality opportunities in a consolidating market.”
JTC shares fell 1.4% to 777p at 08:04 GMT. The drop took the decline so far in 2022 to 16.9%.
