REG - GlobalData PLC - Update on FY21 performance and Capital Markets Day

GlobalDataAnnouncement

10/01/2022 07:05

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RNS Number : 8995X  GlobalData PLC  10 January 2022

10 January 2022

GlobalData Plc

Update on FY21 performance and Capital Markets Day

Ahead of the full-year results, GlobalData Plc ("GlobalData" or the "Company",
and together with its subsidiaries, the "Group"), the leading provider of
industry intelligence, confirms that it expects to report another year of
strong organic growth driven by its continued momentum in subscription revenue
and further expansion of EBITDA margin.

For FY21, the Board expects like-for-like organic revenue growth(1) to be ~8%,
with currency volatility offsetting some gains to finish on revenue ~£189m,
at an Adjusted EBITDA margin of ~34% (2020: 32%) (which is within the
consensus range(2)). Invoiced Forward Revenue(3) is expected to finish with
like-for-like organic growth of ~9%.

GlobalData's strong organic growth is augmented with the strategic progress
made through M&A in the last quarter of FY21, with the acquisitions of the
Life Sciences business of IHS Markit, LMCA Holdings Limited and LMCI Holdings
Limited. Whilst the timing of the acquisitions meant that the financial impact
on FY21 was immaterial, the strengthening of the Group's capabilities in the
Life Sciences, Automotive and Agribusiness sectors give it greater scale and
opportunity for accelerated momentum in 2022.

The Group also announces that it will be hosting a Capital Markets Event for
institutional investors and analysts on 27 January 2022. Should you wish to
wish to attend, please register by emailing isingh@hudsonsandler.com
(mailto:isingh@hudsonsandler.com) . No new material financial or trading
information will be disclosed during the event.

The Group will publish its full-year results on 28 February 2022.

Mike Danson, Chief Executive Officer, said:

"I am pleased to report that we expect our FY21 results to demonstrate further
momentum and that we are on track to report another year of strong revenue
growth and Adjusted EBITDA margin expansion.

Additionally, the two strategic acquisitions that we completed in the latter
part of the year, mean that we enter 2022 with enhanced scale and additional
capabilities. I would like to, again, take this opportunity to welcome all our
new colleagues and I look forward to presenting our strategic update at the
Capital Market Event on 27 January."

 

Notes

This announcement contains inside information for the purposes of Article 7 of
the Market Abuse Regulation (EU) 596/2014 which is part of UK law by virtue
of the European Union (Withdrawal) Act 2018. Upon publication of this
announcement, this inside information is now considered to be in the public
domain.

(1)   Like-for-like organic growth excludes the impact of currency movements
and the benefit of acquisitions in the year.

(2)   The company compiled consensus range for the year ended 31 December
2021 (FY21) is £188m to £190.3m for revenue and £63.5m to £64.5m for
Adjusted EBITDA.

(3)   Invoiced Forward Revenue relates to amounts that are invoiced to
clients at the balance sheet date, which relate to future revenue to be
recognised.

 

ENQUIRIES:

 GlobalData Plc
 Mike Danson, Chief Executive Officer                                           0207 936 6400

 Graham Lilley, Chief Financial Officer
 Brokers
 Bill Hutchings/ Mose Adigun - J.P. Morgan Cazenove (Nomad and joint broker)    0207 742 4000
 Erik Anderson/ Alina Vaskina - Panmure Gordon (Joint Broker)                   020 7886 2500

 Hudson Sandler
 Nick Lyon                                                                      0207 796 4133

 

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