21st Apr 2022 12:35
GB Group PLC - Chester, England-based identity data intelligence firm - Says results for the financial year that ended March 31 were ahead of market expectations. Expects to report revenue of GBP242 million with adjusted operating profit margin at upper end of expectations of around 24%. This will result in adjusted operating profit no less than GBP58 million. Expresses confidence in future growth.
In financial 2021, GB generated revenue of GBP217.7 million and an adjusted operating profit of GBP57.9 million. Thus, this year's results would represent revenue growth of 11% and profit growth of 0.2%.
Warns of macro-economic uncertainties, including continued pandemic restrictions, geopolitical uncertainties, and rising inflation. Notes it has no operations or active suppliers in Russia, Belarus or Ukraine. Confirms business has been suspended with its "small number" of customers who are incorporated in Russia. Adds that exposure to Russian customers is limited with combined revenue in financial 2022 of less than 0.5% of group revenue.
Current stock price: 652.29 pence, up 14% on Thursday
12-month change: down 26%
By Abby Amoakuh; abbyamoakuh@alliancenews.com
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