Pre-close Trading Update

RNS Number : 7421C

GB Group PLC

20 October 2015

 

Embargoed until 7.00 a.m.

20 October 2015

GB GROUP PLC

("GBG" or the "Group")

Pre-close Trading Update

GBG, the identity intelligence specialist, provides the following trading update for the six months to 30 September 2015 in advance of the release of its half year results.

Group Trading Performance

Revenue is expected to be approximately £32.3 million (2014:£23.2 million) representing a year-on-year growth of approximately 39% (2014: 28%) and includes strong organic growth of 18%.

The Group expects to show adjusted^† operating profit of £4.5 million (2014: £3.7 million), an increase of over 21% on last year after investing an additional £1.3m during the period in product and business development to drive future growth.

Richard Law, CEO of GBG, commented: "The team at GBG has achieved another excellent  performance in the period, both in terms of our high growth and continuing to lay the strategic groundwork to support our expansion in the UK and globally."

The Group's detailed half year results will be announced on 1 December 2015.

Note:

† Adjusted operating profit means profits before amortisation of acquired intangibles, share based payment charges, exceptional items, share of results from associates, net finance costs and tax.

For further information, please contact:

GBG Richard Law, Chief Executive Dave Wilson, Group Finance Director & Operations Director	01244 657333
Peel Hunt LLP (Nominated Adviser and Broker) Richard Kauffer	020 7418 8900
Newgate Andrew Jones Bob Huxford	020 7653 9850
Website	www.gbgplc.com

About GBG

It is our vision to inform all business decisions between people and organisations globally.

Data is the fuel of the digital economy and our technology connects instantly to hundreds of databases across the globe, many of them on an exclusive basis. We help our clients use this data intelligently to improve their customers' overall experience whilst adhering to their own internal risk management, fraud or compliance procedures.

Headquartered in Chester (UK) and with 18 offices across the world, GBG provides solutions to many of the world's biggest organisations, from established brands like Nike and Harrods to disruptive newcomers such as Taskrabbit and Stripe.

It is our belief that if there's not enough data flowing around the economy, or if it's of poor quality, businesses will suffer. Simply put, customers need to trust that there is a clear value exchange with the organisations they interact with. That's why trust is at the core of everything we do, and why we promote a transparent, open and responsible use of people's personal information.

About GBG's solutions

We provide a number of business solutions aimed at informing decision making about customers or employees in key areas:

Employing people - we provide thorough background checks through online verification of individuals and key documents such as a driver's licence, enabling organisations to safeguard, recruit and engage with confidence. 

Registering identities - GBG Matchcode360 registers identity data, such as name and address, contact information and social network IDs, quickly and with minimum impact on the customer experience.

Verifying identities - GBG ID3global provides more innovative ways of confirming identity than simply relying on credit data. It can check the identities of more than 4 billion people worldwide and also verify citizens of the world's 35 largest economies to the rigorous standards set by the world's financial regulators.

Building relationships - we work collaboratively with clients to make sure they use the data their customers share with them to create personalised customer journeys for each individual, responding to every interaction in real time.

Fighting fraud - with the addition of GBG Instinct and GBG Predator, our fraud prevention solutions not only check new customers' details in real time as they register but monitor and detect application and transaction fraud on an ongoing basis.

Making connections - voted 'Best Newcomer' at the 2015 UK Retail Fraud Awards, GBG Connexus confirms and locates the people our clients need to connect with. It saves valuable time and resource and ensures that good customers don't incur the cost of inefficient processes.

GBG is listed on the London Stock Exchange (GBG). For more information visit www.gbgplc.com 

 

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