London Stock Exchange-listed JTC has been promoted from the FTSE SmallCap Index to the FTSE 250 Index today, Monday 16 November 2020, as a result of the continued growth and performance of the business since its Initial Public Offering (IPO) in 2018.
Headquartered in Jersey, JTC listed on the Main Market of the LSE in March 2018, with a track record of delivering market-leading professional services for institutional and private clients spanning more than 30 years since the business was founded in 1987.
In its latest interim results (published 15 September 2020), JTC reported period on period revenue growth of 15.2% and an EBITDA margin of 31.0%. The Group has developed a highly successful growth strategy that combines strong organic growth of the core business (10.1% for H1 2020) with highly disciplined inorganic growth in a sector that is consolidating at a global level.
Commenting on the announcement, Nigel Le Quesne, CEO, JTC, said:
“We are delighted to enter the FTSE 250 and would like to thank our clients and investors for their support since our IPO and in particular during the challenges we have all faced in 2020. At JTC every single employee is a direct owner of the business and we believe that it is our shared ownership culture that differentiates our performance over the long-term. On behalf of the Board and management team, I would like to say a particular thanks to our people as it is the hard work and commitment of the JTC team globally that has made this possible.”