Annual results for year ended 31 March 2019
Press Release

Annual results for year ended 31 March 2019

GB GROUP PLC (“GBG”, “Group” or the “Company") Annual Results for the Year Ended 31 March 2019 International expansion and a growing customer base are driving strong growth

GB Group plc (AIM: GBG), the global identity data intelligence specialist, announces its annual results for the year ended 31 March 2019.


Financial highlights




% change





Adjusted operating profit




Adjusted basic earnings per share




Profit before tax




Deferred income balance




Net assets




Net (debt)/cash††




Dividend per share











Underlying* (CCY)




Growth* (CCY)








Adjusted operating profit






Note: “CCY” indicates figure reported on a constant currency basis.


Strategic and operational highlights

  • Enhancing our customer proposition
    • Successfully launched Loqate, our Location solution brand
    • Key wins across our chosen geographies including Discover Financial Services, N26, Bosch, BNI, Kohls and eBay
    • Shift to a cloud operational model to support faster growth and evolving security requirements across our key markets
  • Strengthening international footprint
    • International revenues grew from 34% to 45% of total revenue
    • Encouraging performance from North America and Asia Pacific
    • Total number of employees increased to nearly 1,000 working in 16 countries
  • Strategic acquisitions enhance global capabilities
    • IDology materially strengthens our position in the North American market
    • VIX Verify provides complementary technology and data, and increases our reach in Asia Pacific
    • Both acquisitions are performing in line with expectations
  • Outlook
    • Significant long-term growth opportunities across our target markets
    • Clear delivery plans for organic growth
    • Successfully integrating acquisitions that advance the Group’s strategy
    • New financial year is trading in line with our expectations

Chris Clark, CEO, commented

“This was another good year for GBG. The continued investment in our three core solutions led to exciting product innovation and deeper geographical reach. Our strong growth and track record of delivery is a testament to our commitment to customer value and the expansion of our global presence through organic developments and strategic acquisitions.”

“We remain committed to developing world-class products and making the most of the significant market opportunities ahead. As a global business, with a well-defined strategy, we are confident in our future growth and our ambition to become the leading provider of identity data intelligence solutions.”



 Adjusted operating profit means profit before amortisation of acquired intangibles, share-based payments, exceptional items, interest and tax. This measure is not defined under IFRS but Management believe that this Alternative Performance Measure (APM) is a more appropriate metric to understand the underlying performance of the Group.

‡  Adjusted earnings per share is defined as adjusted operating profit less net finance costs and tax divided by the basic weighted average number of ordinary shares of the Company.

††  Net (debt)/cash means cash and short-term deposits less loans.

* As highlighted in the October 2017 trading update, organic revenue growth in the year to 31 Match 2018 included £3.5 million from the sale of a material perpetual licence to a leading European bank in September 2017, paid upfront. Had this particular transaction been a fully delivered, 3-year agreement, payable in annual instalments (as is normal), then our revenue recognition policies at the time would have only recognised one third of this value.


For further details of the full announcement, including our Chairman and CEO's statements, please click here.


- Ends –


To find out more, please contact:


Chris Clark, CEO

Dave Wilson, CFO & COO


01244 657333

Peel Hunt LLP (Nominated Adviser and Broker)

Edward Knight

Peter Stewart

Nick Prowting


020 7418 8900

Tulchan Communications LLP

James Macey White

Matt Low

Deborah Roney



020 7353 4200


Presentation and webcast

GBG management will be hosting an analyst presentation at 09.00am GMT at UBS, 5 Broadgate, London, EC2M 2QS today.

Shortly following the presentation, an archived webcast will be available on the Investors page of the Company's website.


About GBG

GBG offers a series of solutions that help organisations quickly validate and verify the identity and location of their customers.

Our innovative technology leads the world in location intelligence and fraud detection. Our products are built on an unparalleled breadth of data obtained from over [200] global partners which helps us to verify the identity of 4.4 billion people globally.

Our headquarters are in the UK and we have nearly 1,000 team members across [16] countries. We work with clients in [72] countries including some of the best-known businesses around the world, ranging from US e-commerce giants to Asia's biggest banks and European household brands.

To find out more about how we help our clients establish trust with their customers, visit, follow us on Twitter @gbgplc, or read more in our newsroom: