GlobalData earnings rise as revenue visibility improves

The AIM-traded firm said adjusted EBITDA was up 14% to £64.4m for the 12 months ended 31 December, with its adjusted EBITDA margin improving twi percentage points to 34%.

Statutory profit before tax grew by £4m to £32.6m.

The company said its deferred revenue was ahead 9% to £81.4m, while invoiced forward revenue was 16% firmer at £107.7m, with organic underlying constant currency growth of 10%.

Its board declared a final dividend of 13.2p, up 14% year-on-year, to make for a total dividend of 19.3p, also ahead 14%.

“In 2021 we continued to invest across our growth optimisation plan, including increased focus on our customers,” said chief executive officer Mike Danson.

“Key customer focused initiatives, together with investment in our product capabilities, have further strengthened customer relationships.”

Danson said the company’s underlying revenue performance was “strong”, adding that importantly, it exited the year with improved forward revenue visibility.

“The greater visibility, driven by our organic growth performance and the two completed acquisitions, together with our disciplined approach to costs gives the group a strong foundation for accelerated growth and further margin expansion.”

At 1141 GMT, shares in GlobalData were down 0.61% at 1,302p.