Iain Gilbert Sharecast News
14 Jan, 2025 10:43

Globaldata continues to deliver 'strong, profitable growth' in H2

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GlobalDataSharecast graphic / Josh White

Globaldata

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Analytics and consulting firm Globaldata said on Tuesday that it had continued to deliver "strong, profitable growth" throughout the second half of the year.

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Globaldata expects to report group revenues of roughly £286.0m, within the range of market expectations and up 4% year-on-year on an underlying basis.

Adjusted underlying earnings were also expected to be within the range of market expectations, representing growth of roughly 6% ahead of FY23, with a sustained margin of approximately 41% following continued planned investment in Globaldata's Growth Transformation Plan.

The AIM-listed group also noted that it had closed the year with underlying contracted forward revenue growth of 4%, providing "strong visibility" into 2025.

Chief executive Mike Danson said: "2024 has been a year of investment for GlobalData and we have made significant progress in our first year of executing the Growth Transformation Plan 2024-26.

"We enter 2025 from a position of strength with good revenue visibility and the firepower to execute on our strategy. We continue to progress towards our targets of 45% margin and £500.0m revenue by the end of the three-year growth plan."

As of 1040 GMT, Globaldata shares were down 3.70% at 182.0p.

Reporting by Iain Gilbert at Sharecast.com

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