Investor news

Annual results for year ended 31 March 2020


("GBG", "Group" or the "Company")

Annual Results for the Year Ended 31 March 2020

Successful year of growth and delivery against strategic objectives

GB Group plc (AIM: GBG), the global identity data intelligence specialist, announces its annual results for the year ended 31 March 2020.


Financial highlights




% change





Adjusted operating profit1




Adjusted basic earnings per share1




Profit before tax




Deferred income balance




Net assets




Net (debt)/cash1




Dividend per share








Total Growth

2020 Organic Revenue

2019 Revenue (CCY)1



Growth (CCY)1

Total revenue







Adjusted operating profit1








Strategic and operational highlights

Strong revenue and profit performance:

  • Good growth from all geographies and GBG’s three core solutions (Location, Identity and Fraud)
  • International revenues now 56% of the business
  • IDology is performing well and delivering on acquisition objectives

Continued investment in data, products and technology:

  • Increasing breadth and depth of data in chosen markets
  • Enhancement of product portfolio through internal development and partnerships
  • Enhanced our capabilities in artificial intelligence, multi-modal authentication and validation methods
  • Significant progress in the shift to a globally capable, cloud-based operational model

 Covid-19: early and decisive action:

  • Focused on protecting team members, supporting our customers and positioning for the future
  • Prompt actions taken early to maintain our organisational capacity whilst reducing discretionary spending
  • Assisted by a strong balance sheet with available bank draw down facilities, good liquidity and a high proportion of annual recurring licence revenue

Current trading:

  • We are witnessing varying levels of impact depending on customer vertical, product solution and geography with positive and negative effects
  • To date customer churn, solvency and bad debt are at normal levels
  • Continuing to win new business though some sales cycles are lengthening


  • It is not yet possible to understand the ongoing impact of Covid-19 on the business
  • Dividend and guidance currently suspended
  • Long-term market drivers remain favourable and should be enhanced by accelerated digitalisation of customers’ businesses
  • Our strong balance sheet, leading technology and diversified customer base leaves GBG well-positioned for long-term success

Chris Clark, CEO, commented:

I am extremely proud of our performance in the last 12 months, which saw profit and revenues exceed market expectations. This was driven by GBG’s international expansion and innovative product offerings. Although it is hard to predict the full impact of Covid-19, we remain well-positioned to support our customers through the current environment and in the longer term.  

None of this would be possible without the incredible hardworking team at GBG. I want to pay tribute to the dedication of my colleagues through this challenging period. I am confident GBG is approaching the future from a position of strength.”


1 These measures are defined within note 37 to the Annual Report.

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


Ends -


For further information, please contact:


Chris Clark, CEO

Dave Wilson, CFO & COO


01244 657333

Peel Hunt LLP (Nominated Adviser and Broker)

Edward Knight

Nick Prowting

Ed Allsopp


020 7418 8900


James Macey White

Matt Low

Deborah Roney


020 7353 4200



Presentation and webcast

Chris Clark, Chief Executive, and David Wilson, Chief Financial Officer & Chief Operating Officer will be hosting an analyst webcast presentation at 9.00 a.m. on 30 June 2020.

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


About GBG

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

Our market-leading technology, data and expertise help our customers improve digital access, deliver a seamless experience and establish trust so that they can transact quickly, safely and securely with their customers online. 

Headquartered in the UK and with over 1,000 team members across 16 countries, we work with 20,000 customers in over 70 countries. Some of the world's best-known businesses rely on GBG to provide digital services and keep the economy moving, from US e-commerce giants to Asia's biggest banks and European household brands.  

To find out more about how we help our customers establish trust with their customers, visit and follow us on LinkedIn and Twitter @gbgplc. 

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