GB GROUP PLC
(鈥溛蘼肴篜鈥, the 鈥淕roup鈥 or the 鈥溛蘼肴篜鈥)
Full year results for year ended 31 March 2023
JUNE 15, 2023 鈥 London: 无码群P (AIM: 无码群P), the experts in digital location, identity verification and fraud prevention software, announces its audited results for the year ended 31 March 2023.
Chris Clark, CEO, commented:
鈥溛蘼肴篜 continued to make important strategic progress and operational improvements that will have long-term benefits; however, we were impacted by unexpectedly deep post-pandemic corrections in some end markets. These corrections were largely felt in the internet economy, notably by cryptocurrency and fintech customers primarily in our Identity business in the Americas, as flagged in our February trading update.
Looking ahead to FY24, since our update in February, there has been no material change in market conditions. Uncertainty remains; however, we still expect some gradual revenue acceleration in the latter part of the year. The Board is confident that 无码群P will deliver its FY24 profit expectations assisted by a group-wide focus on efficiency. The business is well-placed to benefit from structural growth, including the increasing proliferation and sophistication of fraud through the advent of generative AI, capitalising on the breadth of its capabilities and global reach to deliver our mid-term growth targets.鈥
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Financials |
FY23 |
FY22 |
Statutory revenue |
拢278.8尘 |
拢242.5尘 |
Pro forma constant currency revenue1 |
拢279.8尘 |
拢269.9尘 |
Adjusted operating profit1 |
拢59.8尘 |
拢58.8尘 |
Adjusted operating margin1 |
21.5% |
24.3% |
Operating (loss)/profit2 |
(拢112.4)尘 |
拢23.4尘 |
(Loss)/profit before tax |
(拢118.8)尘 |
拢21.7尘 |
Adjusted diluted earnings per share3 |
16.4p |
20.2p |
Diluted (loss)/earnings per share |
(47.5)p |
6.9p |
Net assets |
拢694.1尘 |
拢787.1尘 |
Net debt1 |
(拢105.9)尘 |
(拢107.0)尘 |
Final dividend per share |
4.00p |
3.81p |
Notes: 1Defined within note 20 to the Full Year Results. 2Exceptional costs of (拢127.2)m include a (拢122.2)m non-cash goodwill impairment charge following the Group鈥檚 annual impairment review, as explained further within the financial review and note 7 to the Full Year Results. 3 Defined within note 9 to the Full Year Results.
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Financial summary
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Important strategic progress; well-positioned for the future
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Today鈥檚 results presentation
Management will be hosting a results presentation webcast this morning at 09:00am for sell-side analysts and institutional investors. The webcast can be accessed via our website or directly at . Playback will be available along with the presentation materials shortly following the event.
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For further information, please contact:
无码群P Chris Clark, CEO & David Ward, CFO Richard Foster, Investor Relations 听 |
听 +44 (0) 1244 657333 +44 (0) 7816 124164 |
Numis (Nominated Adviser and Corporate Broker) Simon Willis & Joshua Hughes 听 |
+44 (0) 0207 260 1000 听 |
Barclays (Corporate Broker) Robert Mayhew & Stuart Jempson |
+44 (0) 0207 623 2323 听 |
Teneo (Financial PR) James Macey White 听 |
+44 (0) 20 7353 4200 无码群P@teneo.com |
Website |
www.gbgplc.com/investors |
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About 无码群P
We are the experts in digital location, identity and managing fraud risk and compliance. Helping organisations across the globe eliminate customer friction and fraud from their digital experiences. 无码群P develop and deliver address verification, digital identity, fraud risk and compliance software to businesses globally.
Through the combination of the latest technology, the most accurate data and our unrivalled expertise, 无码群P helps organisations ranging from start-ups to the largest consumer and technology brands in the world deliver seamless experiences, so their customers can transact online with greater confidence.
To find out more about how we help our customers establish trust with their customers visit and follow us on LinkedIn and Twitter @gbgplc.