DATA Globaldata Plc

TIDMDATA

RNS Number : 3183Z

GlobalData PLC

11 January 2024

11 January 2024

GlobalData Plc

(AIM: DATA, "GlobalData", the "Group")

Full year trading update and announcement of Investor Seminar

GlobalData Plc, a leading data, analytics, and insights platform, today provides the following update on trading following the end of its financial year to 31 December 2023 ("FY2023").

Following its interim results on 31 July 2023, GlobalData continued to deliver strong profitable growth throughout the second half. For FY2023, the Group expects to deliver Group revenue of c.GBP273m (2022: GBP243m), reflecting annual growth of 12% (7% underlying), and adjusted EBITDA growth of 28% to c.GBP111m (2022: GBP86m), which is within range of market expectations for the year. EBITDA margin was strong at c.41% (2022: 36%).

On 21 December 2023, we announced the launch of our new growth plan and Group reorganisation to operate across three customer-focused divisions - Healthcare, Consumer, and Technology - and also the transaction to sell a minority stake in our Healthcare business, which accounted for c.36% of revenue, at a valuation of GBP1,115m, raising net cash proceeds of approximately GBP434m.The transaction, which will provide flexibility for accelerated value-creating M&A across the Group, is progressing in line with our expectations and we expect to complete in Q2 2024.

GlobalData will host an investor and analyst seminar to focus on the new growth strategy and the customer-focused divisions, as well as further information on the impact of the Healthcare transaction on 24 January 2024 at 2pm. Please register your interest to attend this event with globaldata@fticonsulting.com .

FY2023 results, in full, will be announced on 4 March 2024.

Mike Danson, Chief Executive Officer of GlobalData Plc, commented:

"Over the last year, GlobalData has continued to execute on its growth optimisation plan and provide its global customer base with mission-critical insights and analysis. The result of this is we exited 2023 with another period of strong profitable growth and an EBITDA margin of more than 40%.

As we look ahead, we enter 2024 with a new growth plan and operating structure, which when added to our strong financial position, allows GlobalData to pursue a more ambitious growth strategy across the three divisions and create substantial value over the medium term."

ENDS

ENQUIRIES

 
 GlobalData Plc 
                                               0207 936 
 Mike Danson, Chief Executive Officer           6400 
 Graham Lilley, Chief Financial Officer 
 
                                               0203 493 
 J.P. Morgan Cazenove (Nomad, Joint Broker)     8000 
 Bill Hutchings 
 Mose Adigun 
 
                                               0207 886 
 Panmure Gordon (Joint Broker)                  2500 
 Rupert Dearden 
 Dougie McLeod 
 
 Deutsche Numis Securities (Joint Broker) 
  Nick Westlake                                0207 260 
  Iqra Amin                                     1000 
                                               0203 727 
 FTI Consulting (Financial PR)                  1000 
 Edward Bridges 
 Dwight Burden 
 Emma Hall 
 

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END

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January 11, 2024 02:00 ET (07:00 GMT)

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