Trading Update

RNS Number : 7004Q

GB Group PLC

17 October 2013

 



Embargoed until 7.00 a.m.

17 October 2013

GB GROUP PLC

("GBGroup", "GBG" or the "Group")

Trading Update

GBGroup, the identity intelligence specialist, provides the following trading update for the six months to 30 September 2013 in advance of the release of its half year results.

Group Trading Performance

The Board is pleased to report that GBGroup has achieved a strong set of results in its half year to 30 September 2013 with growth coming from both its organic activities and acquired businesses. The Group expects to show an adjusted operating profit¹ of not less than £2.3 million (2012: £ 1.5 million), an increase of over 50%.

The Group's detailed half year results will be announced during the week commencing 25 November 2013.

Richard Law, CEO, commented:

"I'm pleased with GBGroup's performance in the first half of the year. The Group continues to invest in its capabilities, strengthening and broadening its position in an attractive and developing market. We enter the second half with confidence and momentum."

Note 1: adjusted operating profit means profits before share of results from associates, interest, tax, share based payment charges, amortisation of acquired intangibles, acquisition related costs and non-recurring acquisition integration costs.

For further information, please contact:

GB Group plc Richard Law, Chief Executive Dave Wilson, Group Finance & Operations Director	01244 657333
Peel Hunt LLP (Nominated Adviser and Broker) Richard Kauffer Daniel Harris	020 7418 8900
Newgate Threadneedle Caroline Evans-Jones Josh Royston Heather Armstrong	020 7653 9850
Website	www.gbgplc.com

Notes to Editors

About GBGroup

The most profitable and successful organisations recognise the value of understanding the individual identity of their customers and employees. GBG combines this concept of identity with technology to create an environment of trust, so that organisations can employ people and connect, communicate and transact with consumers, safely and responsibly.

We call this Identity Intelligence.

GBG's Identity Intelligence solutions include:

Register & Verify  -  International software and services for quick and accurate customer registration; and the verification of identities of individuals & businesses remotely.

Cleanse & Engage - Innovative software and services which provide accurate and up-to-date identity information to deliver improved intelligent customer contact strategies.

Employ & Comply - Thorough background checks through online verification and authentication of individuals enabling organisations to safeguard, recruit and engage with confidence.

Trace & Investigate - Leading software and services which provide the most accurate and up-to-date picture of the UK's population, properties and businesses to quickly locate, investigate and contact the right individual, first time.

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