LSEG: H1 results slightly below expectations

(CercleFinance.com) - London Stock Exchange Group, the operator of the London Stock Exchange, has reported H1 results that are slightly below expectations today.


Total sales (excluding recoveries) rose up 11.8% to £3.99bn, in line with the consensus.

However, adjusted EBITDA came in at £1,872m, up 4.1%, falling just short of the consensus of £1,910m.

The company's operating margin fell to 46.9% from 50.4% a year earlier.

In its press release, LSEG now states that it expects annual sales growth at constant exchange rates, excluding recoveries, to be at the upper end of the 6% to 8% range previously targeted.

Its target of an adjusted EBITDA margin of around 48.3% remains unchanged.

It plans to pay an interim dividend that is up 12.6% at 35.7 pence, while launching a new £750m share buyback program, to be completed by April 2024.

Listed on the London Stock Exchange, LSEG shares were down 1.4% on Thursday following these figures.


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