Mainstream Group Holdings Ltd (ASX:MAI) chief executive Martin Smith speaks to Proactive Investors about the financial services company’s recent growth and the upcoming launch of its separately managed accounts (SMA) investment services.
“The business is turning just over $41 million for the financial year June 2018 and we have an EBITDA of $6.4 million – year-on-year that’s an increase in revenue of 42% and the profit is a similar increase,” Smith says.
Smith continues, “Our model for growth is really to leverage the eight countries we operate in. The markets [where] we have a presence represent assets of $31 trillion, so there’s a lot of upside in those markets and there’s a big opportunity to gain market share.”
Mainstream recently published guidance for the 2019 financial year, projecting the business will grow to $50-55 million in revenue and profits to increase to $9 million.