20th Oct 2014 07:00
Embargoed until 7.00 a.m. | 20 October 2014 |
GB GROUP PLC
("GBGroup", "GBG" or the "Group")
Pre-close Trading Update
GBGroup, the identity intelligence specialist, provides the following trading update for the six months to 30 September 2014 in advance of the release of its half year results.
Group Trading Performance
The Board is pleased to report that GBGroup has achieved a strong set of results in its half year to 30 September 2014 with growth coming from both its organic activities and acquired businesses. The Group expects to show an adjusted operating profit1 of not less than £3.7 million (2013: £2.6 million), an increase of over 40%.
The Group's detailed half year results will be announced on 24 November 2014.
Richard Law, GBG's CEO, commented:
"The performance in the first half of the year has been very pleasing across the entire Group. DecTech, which was acquired in April 2014 and which provides fraud detection and prevention solutions, is integrating well and making a strong contribution towards Group performance.
We have maintained our strategy of investing to extend our identity intelligence capabilities together with leveraging the opportunities provided by our increasing global reach. The proposed acquisition of Transactis, announced on 13 October 2014, further enhances our prospects and we expect our strong performance to continue through the second half of the year."
Note 1: adjusted operating profit means profits before share of results from associates, interest, tax, share based payment charges, amortisation of acquired intangibles, acquisition related costs and non-recurring acquisition integration costs.
GB Group plc
Richard Law, Chief Executive
Dave Wilson, Group Finance Director & Operations Director 01244 657333
Peel Hunt LLP (Nominated Adviser and Broker)
Richard Kauffer
Daniel Harris 020 7418 8900
Newgate Threadneedle
Josh Royston
Heather Armstrong 020 7653 9850
Website www.gbgplc.com
Related Shares:
Gb Group