Investor news

GBG Half Yearly Report 2017

Published: Tuesday November 28, 2017

GB GROUP PLC

(“GBG”, the “Group” or the “Company”)

 HALF YEAR RESULTS FOR SIX MONTHS ENDED 30 SEPTEMBER 2017

International expansion and organic growth drive rise in profitability

GB Group plc (AIM: GBG), the global identity data intelligence specialist, announces its unaudited results for the six months ended 30 September 2017.

Financial highlights

 

2017

2016

%change

Revenue

£52.6m

£37.5m

+40%

Adjusted operating profits

£10.4m

£5.2m

+101%

Adjusted basic earnings per share

6.1p

3.6p

+69%

Profit after tax

£2.4m

£1.2m

+98%

Deferred revenue balances

£23.7m

£15.5m

+53%

Net assets

£149.2m

£82.8m

+80%

Net cash/(debt)††

£4.1m

£(4.0)m

+201%


Operational highlights and outlook

New contract wins and international expansion drive organic growth

· International revenues increased by 36% to £15.9 million.

· Growing global footprint and strengthening international brand: continued expansion throughout APAC, USA and EMEA regions.

· New customer wins during the period in the UK include NFU Mutual and Sky and internationally, LEGO and KBC Ireland.

 

Acquisition integration
and performance

· Acquisition of PCA Predict positions GBG as a leader of UK and international address validation services.

· PCA Predict delivering growth opportunities.

 

Senior appointments

· During the period two Executive Team appointments were announced adding strength to the Group’s focus on customers and innovation.  

 

 Positive outlook

· Full year results (revenue and profit) expected to be in line with market consensus.


Chris Clark, CEO, commented,

“I am very encouraged by the progress we have made since April and by the fact that we are on track to meet market expectations for the full year. The Group continues to perform well, demonstrating the strength of our business and the capability of our people globally. With the investments we have made in products, data and technology, we are confident of making further strategic progress in the second half of the financial year.”

For further details of the full announcement please click here.

Notes:

† Adjusted operating profit means profits before amortisation of acquired intangibles, share-based payments, exceptional items, interest and tax. This is a non-GAAP or Adjusted Performance Measure (APM) and as this is used by the majority of our stakeholders it is deemed a more appropriate KPI in use in the business and in its external communications.  See “Alternative Performance Measures” in the Interim Consolidated Financial Statements for further details.

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

‡ 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. 


For further information, please contact:

GBG

Chris Clark, CEO

Dave Wilson, CFO & COO

01244 657333

Peel Hunt LLP (Nominated Adviser and Broker)

Nick Prowting

Edward Knight

020 7418 8900

Newgate Communications

Bob Huxford

Ed Treadwell

 

020 7653 9850

 

 

 

 

About GBG

GBG is a global specialist in Identity Data Intelligence. We help organisations make decisions about the customers they serve and the people they employ.

Through our fundamental belief that the digital economy relies on everyone having access to data they can trust, GBG enables companies and governments to fight fraud and cybercrime, to improve the customer experience and help to protect the more vulnerable people in our society.

Headquartered in Chester (UK) and with people in 17 countries, GBG provides solutions to many of the world's biggest organisations, from established brands like HSBC and Zurich Insurance to disruptive newcomers such as Stripe and Plus500.

Find out more about how we use identity data intelligently at www.gbgplc.com, following us on Twitter @gbgplc and visiting our newsroom: www.gbgplc.com/newsroom