GB Group PLC

GBG

Equity

ISIN GB0006870611 / Valor 85367

LSE London Stock Exchange, SETS (2024-11-20)

GBP 3.53-2.64%

GB Group PLC
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About company

GB Group PLC is a global business listed on the AIM market of the London Stock Exchange, with operations in over 70 countries. Founded in 1989, the company specializes in providing Location, Identity & Fraud services to thousands of customers worldwide. With a strong foundation in technology, GB Group PLC aims to create confidence online through its innovative solutions in address management and identity verification.

Summarized from source with an LLMView SourceSector: Technology

Revenue

GB Group PLC reported revenue of £277.3 million for the financial year ended 31 March 2024, a slight decrease from £278.8 million in the previous year. However, on a constant currency basis, the revenue showed a growth of 2.7%.

Operating Profit

The adjusted operating profit for GB Group PLC in FY24 was £61.2 million, up from £59.8 million in FY23. Excluding foreign exchange gains, the adjusted operating profit was £61.4 million, reflecting an 8.0% increase.

Net Debt

GB Group PLC successfully reduced its net debt to £80.9 million as of 31 March 2024, down from £105.9 million at the end of the previous financial year. This reduction was driven by strong cash conversion of 90.6%.

Dividends

The Board of GB Group PLC has recommended a final dividend of 4.20p per share for the year ended 31 March 2024, representing a 5% increase from the 4.00p per share dividend declared in the previous year.

Outlook

GB Group PLC reiterated its positive outlook for FY25, expecting mid-single-digit revenue growth on a constant currency basis. This growth is anticipated to drive high single-digit growth in adjusted operating profit, supported by operational efficiency gains achieved in FY24.

Summarized from source with an LLMView Source

Key figures

34.1%1Y

-54.1%3Y

-46.8%5Y

Performance

37.0%1Y

46.8%3Y

42.6%5Y

Volatility