GB Group plc (AIM: GBG), the global identity data intelligence specialist, reported consolidated revenues for 2019 of Pounds Sterling 143.5m, up 19.9% form prior year (financial year year ending 31 March 2019).

Financial highlights

2019 2018 % change
  Revenue £143.5m £119.7m 19.9%
  Adjusted operating profit £32.0m £26.3m 21.7%
  Adjusted basic earnings per share 18.2p 15.3p 19.0%
  Profit before tax £14.7m £13.4m 10.0%

 

Strategic and operational highlights

  • Enhancing our customer proposition
    • Successfully launched Loqate, our Location solution brand
    • Key wins across our chosen geographies including Discover Financial Services, N26, Bosch, BNI, Kohls and eBay
    • Shift to a cloud operational model to support faster growth and evolving security requirements across our key markets
  • Strengthening international footprint
    • International revenues grew from 34% to 45% of total revenue
    • Encouraging performance from North America and Asia Pacific
    • Total number of employees increased to nearly 1,000 working in 16 countries
  • Strategic acquisitions enhance global capabilities
    • IDology materially strengthens our position in the North American market
    • VIX Verify provides complementary technology and data, and increases our reach in Asia Pacific
    • Both acquisitions are performing in line with expectations
  • Outlook
    • Significant long-term growth opportunities across our target markets
    • Clear delivery plans for organic growth
    • Successfully integrating acquisitions that advance the Group’s strategy
    • New financial year is trading in line with our expectations

Chris Clark, CEO, commented, “This was another good year for GBG. The continued investment in our three core solutions led to exciting product innovation and deeper geographical reach. Our strong growth and track record of delivery is a testament to our commitment to customer value and the expansion of our global presence through organic developments and strategic acquisitions.”

“We remain committed to developing world class products and making the most of the significant market opportunities ahead. As a global business, with a well-defined strategy, we are confident in our future growth and our ambition to become the leading provider of identity data intelligence solutions.”

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

Source:  GB Group Earnings Release