Wilmington Group on track

Training firm Wilmington Group said that since the start of July trading had been in line with expectations.

Training firm Wilmington Group said that since the start of July trading had been in line with expectations.

The firm said its Banking & Compliance and Pensions & Insurance businesses had both delivered good revenue growth.

Its Legal division saw revenues fall compared to 2011, but the company said this was expected, having reduced events and sold its Company Formation business in June.

Reported revenue to date in Healthcare were also down on 2012 due to a weakening in the Euro exchange rate, Wilmington said.

However, the firm noted good growth in profits and operating margins across all the business divisions except, as expected, Business Intelligence.

The Legal division in particular enjoyed strong margin and profit growth reflecting the successful restructuring last year, it said.

MM

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