REG - GlobalData PLC - Trading Update & Announcement of Investor Seminar

GlobalDataAnnouncement

11/01/2024 07:00

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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.£273m (2022: £243m), reflecting annual
growth of 12% (7% underlying), and adjusted EBITDA growth of 28% to c.£111m
(2022: £86m), 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 £1,115m, raising net cash proceeds of
approximately £434m.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 (mailto: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
 Mike Danson, Chief Executive Officer        0207 936 6400
 Graham Lilley, Chief Financial Officer

 J.P. Morgan Cazenove (Nomad, Joint Broker)  0203 493 8000
 Bill Hutchings
 Mose Adigun

 Panmure Gordon (Joint Broker)               0207 886 2500
 Rupert Dearden
 Dougie McLeod

 Deutsche Numis Securities (Joint Broker)    0207 260 1000

 Nick Westlake

 Iqra Amin

 FTI Consulting (Financial PR)               0203 727 1000
 Edward Bridges
 Dwight Burden
 Emma Hall

 

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