Marex Posted Strong Results in 2021, Revenue Is Up by +31%

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Marex posted strong gains in 2021. Volatility in metals and agricultural franchises contributed to a + 31% increase in 2021 revenue. Net income in 2021 reached $ 543 million.

Market creation and execution clearing published strong performance. Marketing revenue increased + 29% ($ 131.1 million) compared to 2020 ($ 101.2 million).

The balance sheet jumped + 74% to $ 5.41 billion in 2021. Execution and revenue cleansing showed moderate growth of + 33% ($ 180.0 million) compared to 2020 ($ 138.1 million). Adjusted operating PBT also increased by + 18% ($ 38 million).

Discovery data and research services generated $ 5.9 million compared to $ 3.6 million in 2020. This is a + 64% increase in revenue, which includes removal of intellectual property.

Price discovery posted the weakest growth, + 5% ($ 134.7 million) compared to $ 127.9 in 2020.

Earlier in April, Marex opened an office in Minneapolis for risk management. Dan Hofstad and Charlie Fee lead the new office and monitor the progress of OTC agricultural products in the United States.

Employees Remarks

Ian Lowitt, CEO of Marex, said: “We are proud of these results, which reflect strong organic performance as we continue to advance our growth initiatives, diversifying our business by adding products to our service segments and expanding geographically. very low interest rates.

“Although the current macroeconomic environment is volatile, we have successfully navigated the recent geopolitical disruption in the commodity markets, carefully managing risk and maintaining a strong capital and liquidity position throughout.

“We continue to guide our clients through a very difficult period, while fully enforcing government sanctions.

“We have seen a very strong start to 2022. Looking ahead, I am confident that we will continue to deliver strong growth, both organically and through strategic bolstered acquisitions, as we continue to build on our strategic growth plans.

“In addition, inflation in the real economy is likely to translate into rising short-term interest rates, which is also positive for our business.”

Marex posted strong gains in 2021. Volatility in metals and agricultural franchises contributed to a + 31% increase in 2021 revenue. Net income in 2021 reached $ 543 million.

Market creation and execution clearing published strong performance. Marketing revenue increased + 29% ($ 131.1 million) compared to 2020 ($ 101.2 million).

The balance sheet jumped + 74% to $ 5.41 billion in 2021. Execution and revenue cleansing showed moderate growth of + 33% ($ 180.0 million) compared to 2020 ($ 138.1 million). Adjusted operating PBT also increased by + 18% ($ 38 million).

Discovery data and research services generated $ 5.9 million compared to $ 3.6 million in 2020. This is a + 64% increase in revenue, which includes removal of intellectual property.

Price discovery posted the weakest growth, + 5% ($ 134.7 million) compared to $ 127.9 in 2020.

Earlier in April, Marex opened an office in Minneapolis for risk management. Dan Hofstad and Charlie Fee lead the new office and monitor the progress of OTC agricultural products in the United States.

Employees Remarks

Ian Lowitt, CEO of Marex, said: “We are proud of these results, which reflect strong organic performance as we continue to advance our growth initiatives, diversifying our business by adding products to our service segments and expanding geographically. very low interest rates.

“Although the current macroeconomic environment is volatile, we have successfully navigated the recent geopolitical disruption in the commodity markets, carefully managing risk and maintaining a strong capital and liquidity position throughout.

“We continue to guide our clients through a very difficult period, while fully enforcing government sanctions.

“We have seen a very strong start to 2022. Looking ahead, I am confident that we will continue to deliver strong growth, both organically and through strategic bolstered acquisitions, as we continue to build on our strategic growth plans.

“In addition, inflation in the real economy is likely to translate into rising short-term interest rates, which is also positive for our business.”

Source

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