GB GROUP PLC
("GBG", "Group" or the "Company")
Preliminary results for the year ended 31 March 2022
Strong financial results and significant strategic progress
JUNE 16, 2022 – London: GB Group plc (AIM: GBG), the experts in digital location, identity verification and fraud software, today announces its unaudited results for the year ended 31 March 2022.
Financial highlights
|
2022 |
2021 |
% change2 |
|
Revenue |
£242.5m1 |
£217.7m |
11.4% |
|
Adjusted3 operating profit |
£58.8m |
£57.9m |
1.6% |
|
Adjusted3 operating profit margin |
24.3% |
26.6% |
n/a |
|
Profit before tax |
£21.7m |
£34.3m |
(36.8)% |
|
Diluted earnings per share |
6.9p |
13.5p |
(48.9)% |
|
Adjusted3 diluted earnings per share (restated) |
20.2p |
22.4p |
(9.8)% |
|
Deferred revenue balance |
£58.8m |
£42.8m |
37.3% |
|
Net assets |
£787.1m |
£364.3m |
116.1% |
|
Net (debt)/cash |
(£107.0)m |
£21.1m |
n/a |
|
Final dividend per share |
3.81p |
3.4p |
12.1% |
|
Chris Clark, CEO, commented:
“I am proud of the team’s performance this year, their focus on delivering critical digital identity solutions with a great customer experience underpins GBG’s strong financial results. Our excellent customer advocacy and record team engagement scores highlight each team member’s huge contribution towards achieving our success and delivering on the considerable potential in our markets. The acquisition of Acuant marks a powerful and complementary addition to GBG, accelerating our strategic progress and strengthening our leadership position in the identity verification and fraud markets."
Strong financial results
Accelerating our strategic progress
Advancing our solutions
Our highly engaged team
Setting new targets to increase our diversity and reduce our climate impact
Confident in the outlook
Chair succession
Notes:
1 FY22 reported revenue impacted by the deferred revenue ‘haircut’ acquisition accounting adjustment
2 Growth percentages are calculated with reference to the actual unrounded figures in the primary financial statements and
so might not tie directly to the rounded figures in the table if recalculated
3 Adjusted metrics are calculated before amortisation of intangible assets, share-based payments and exceptional items. Adjusted earnings per share also includes the tax effects of these adjustments.
4 After adjusting for the effects of currency translation, acquisitions and the businesses divested in the prior year
5 Pro forma includes a full 12 months of GBG, Acuant and Cloudcheck
6 Source: Markets and Markets Identity Verification, and Fraud Detection and Prevention Reports (2020-2021)
For further information, please contact:
GBG Chris Clark, CEO & David Ward, CFO Richard Foster, Investor Relations
|
+44 (0) 1244 657333 +44 (0) 7816 124164 |
Peel Hunt LLP (Nominated Adviser and Broker) Edward Knight & Paul Gillam
|
+44 (0) 20 7418 8900 |
Tulchan Communications LLP (Financial PR) James Macey White & Matt Low
|
+44 (0) 20 7353 4200 GBG@tulchangroup.com
|
Website |
Results presentation
Management will be hosting a results presentation webcast this morning at 9:00am for sell-side analysts and institutional investors.
The link to join the event is available on the investor section of our website. The webcast will also be available on-demand along with the presentation materials after the event. Website link: https://www.gbgplc.com/en/investors/
About GBG
We are the experts in digital location, identity and managing fraud risk and compliance. Helping organisations across the globe eliminate customer friction and fraud from their digital experiences. GBG develops and delivers digital identity, address verification, fraud prevention and compliance software to businesses globally.
Through the combination of the latest technology, the most accurate data and our unrivalled expertise, GBG helps organisations ranging from start-ups to the largest consumer and technology brands in the world deliver seamless experiences, so their customers can transact online with greater confidence.
To find out more about how we help our customers establish trust with their customers visit www.gbgplc.com and follow us on LinkedIn and Twitter @gbgplc.