GlobalData PLC Full year trading update (1621M)
10 Enero 2023 - 1:00AM
UK Regulatory
TIDMDATA
RNS Number : 1621M
GlobalData PLC
10 January 2023
10 January 2023
GlobalData Plc
(AIM: DATA, GlobalData, the Group)
Full year trading update
- A strong FY2022 performance; ahead of the top-end of the range of analysts' forecasts
- Resilient position to deliver further growth with high revenue visibility
- Expect adjusted EBITDA to be materially ahead of expectations for FY2023
GlobalData Plc, the leading provider of industry intelligence,
today provides the following update on trading following the end of
its financial year to 31 December 2022.
Following its interim results on 01 August 2022, GlobalData
continued to deliver a strong performance throughout the second
half, ahead of the top end of analysts' expectations for FY2022(1)
. As a result, the Group now expects to deliver Group revenue of
c.GBP242m (2021: GBP189.3m), adjusted EBITDA of c.GBP86m (2021:
GBP64.4m) and close on Net Debt (ex leases) of c.GBP252m (2021:
GBP177.6m).
Given the strong momentum in booked revenues during Q4, bookings
growth of 11%(2) in FY2022 and c.80% revenue visibility for FY2023
as of 1 January 2023, management now expects revenue to be ahead
and adjusted EBITDA to be materially ahead of the current analyst
consensus(3) for FY2023.
To showcase the strength of its business model, the Group will
host a Capital Markets Day on 24 January 2023 with registration
details to be shared in due course, and will also provide more
details on its performance at the time of its full year results on
27 February 2023.
Mike Danson, Chief Executive Officer of GlobalData Plc,
commented:
"The last twelve months have clearly demonstrated that
GlobalData continues to provide highly valued, critical information
and insights across multiple markets to its global customer base
through a unique, scalable platform. We have continued to invest
throughout the year in enhancing our single platform and in our
people. That strategy has delivered another year of profitable
growth and further strengthened the foundations of our business for
future growth. The Group enters the new financial year in a strong
position, and we anticipate delivering towards the top end of our
EBITDA margin target(4) . Our confidence is underpinned by high
revenue visibility, a stable cost base and excellent cash
generation from a platform that delivers value for our customers,
our people and shareholders."
(1 Analysts range for 2022: Revenues: GBP235m - GBP241m; adj.
EBITDA: GBP83m - GBP84m)
(2 11% growth based upon underlying growth of Invoiced Forward
Revenue as at 31 December 2022.)
(3 Analysts range for 2023: Revenues: GBP266m - GBP276m; adj.
EBITDA: GBP97m-GBP101m)
(4 Adjusted EBITDA margin target previously stated as
35-40%)
ENDS
ENQUIRIES
GlobalData Plc
Mike Danson, Chief Executive Officer 0207 936 6400
Graham Lilley, Chief Financial Officer
J.P. Morgan Cazenove (Nomad and
Joint Broker) 0207 742 4000
Bill Hutchings
Mose Adigun
Panmure Gordon (Joint Broker) 0207 886 2500
Erik Anderson
Alina Vaskina
Numis Securities (Joint Broker)
Nick Westlake
Iqra Amin 0207 260 1000
FTI Consulting LLP (Financial PR) 0203 727 1000
Edward Bridges
Dwight Burden
Emma Hall
Notes to Editors
About GlobalData Plc
GlobalData Plc (AIM: DATA) is a leading data, insights, and
analytics platform for the world's largest industries. Our mission
is to help our clients decode the future, make better decisions,
and reach more customers.
One Platform Model
GlobalData's One Platform model is the foundation of our
business and is the result of years of continuous investment,
targeted acquisitions, and organic development. This model governs
everything we do, from how we develop and manage our products, to
our approach to sales and customer success, and supporting business
operations. At its core, this approach integrates our unique data,
expert analysis, and innovative solutions into an integrated suite
of client solutions and digital community platforms, designed to
serve a broad range of industry markets and customer needs on a
global basis. The operational leverage this provides means we can
respond rapidly to changing customer needs and market
opportunities, and continuously manage and develop products
quickly, at scale, with limited capital investment as well as
providing unique integration opportunities for M&A.
Strategic Priorities
GlobalData's four strategic priorities are: Customer Obsession,
World Class Product, Sales Excellence and Operational Agility.
Growth Optimisation Plan
GlobalData's Growth Optimisation Plan is a set of initiatives
designed to drive revenue growth and profitability. The Plan's
initiatives operate across all of GlobalData's operations but are
organised around the strategic priorities noted above.
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END
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