As part of its regular investor communications program, Macquarie Group will be presenting at the CLSA Investors’ Forum in Hong Kong on 15 and 16 September 2015.
Contained within the presentation is an update to the short term outlook statement that Macquarie provided at the Group’s Annual General Meeting on 23 July 2015.
Macquarie continues to expect the FY16 result to be up on FY15:
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As a result of the continued weakening of the Australian dollar and improved trading conditions across most businesses including Macquarie Securities and Macquarie Asset Management (MAM), which benefited from strong performance fees, Macquarie expects the 1H16 result to be up approximately 40 per cent on 1H15, subject to the completion rate of transactions and the conduct of period end reviews
- The 2H16 result is expected to be broadly in line with 1H16, noting MAM is expecting lower performance fees in 2H16 than 1H16.
