GB Group performs ahead of market consensus

Chris Clark

Identity intelligence specialist GB Group said it expects to report a 53% improvement on its operating profit.

In a trading update ahead of its final results in June, the Chester-based business said it anticipates operating profits of £26m for the year to March 31, compared with £17m the previous year.

These are ahead of market consensus.

Revenue growth is expected to be approximately 37%, with total revenue of around £119.7m, also ahead of market consensus, of which 17% is organic.

Net cash balances at March 31, were £13.4m, compared with £5.2m.

Chief executive Chris Clark said: “I am delighted with GBG’s performance, in this my first year, which was made possible by the great team of people at GBG.

“We remain confident in the strength of our existing products and services and the momentum across the business.

“This encouraging update is testament to the dedication of our team members across the globe and I want to thank everyone at GBG for their continued hard-work and contribution.”

The Group intends to publish its full year results in the week commencing June 4.

GBG is a global specialist in identity data intelligence. It helps organisations make decisions about the customers they serve and the people they employ.

It enables companies, and governments, to fight fraud and cybercrime, to improve the customer experience and help to protect the more vulnerable people in society.

Based in Chester it has operations in 17 countries.

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