Unaudited Interim Report For The Six Months Ended 30 June 2019
“Revenue growth drives further margin improvement”
Financial Highlights
- Enhanced visibility on revenue, improved margin and strong operating cash flow.
- Group revenue increased by 18% to £88.5m (2018: £75.0m).
- Organic revenue growth (1) of 10%.
- Deferred revenue (7) increased by 15% to £77.2m (30 June 2018 restated: £67.2m), which represented 13% organic growth.
- Adjusted EBITDA(2) increased by 53% to £22.3m (2018: £14.6m), with margin of 25.2% (2018:19.4%).
- Adjusted profit before tax(4) increased to £19.4m (2018: £12.6m). Statutory profit before tax of £5.2m (2018: loss £4.2m).
- Cash flow from continuing operations increase of 97% to £34.1m (2018: £17.3m).
- Interim dividend increase 43% to 5.0 pence per ordinary share (2018: 3.5 pence).
Operational Highlights
- Our financial results demonstrate our progress towards becoming a world leading data and analytics business, with a proven business model.
- Continued product investment has focused on an enhanced user interface and integration of additional data sets and tools within our multi-industry platform, to give our clients a richer experience with greater insight.
- Integration of the Research Views businesses has been successful and our shift to a single product platform and centralised operating model is now complete.
Mike Danson, Chief Executive Officer of GlobalData Plc, commented:
“The first half results reflect the product development and integration since the acquisition of Research Views in April 2018. Our vision of creating a differentiated world-class product, that is integral to professionals across the world’s largest industries, has been consistent throughout our development.
We look forward to the second half of 2019 in which we expect to further leverage the GlobalData platform, and we do so on the back of some very encouraging metrics in the first six months. Our results demonstrate the focus we have placed on our business model fundamentals and show the Group at an inflection point with further accelerated growth and margin improvement expected across the medium term.
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