Trading Update

RNS Number : 6823U

GB Group PLC

20 October 2014

 



Embargoed until 7.00 a.m.

20 October 2014

GB GROUP PLC

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

Pre-close Trading Update

GBGroup, the identity intelligence specialist, provides the following trading update for the six months to 30 September 2014 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 2014 with growth coming from both its organic activities and acquired businesses.  The Group expects to show an adjusted operating profit¹ of not less than £3.7 million (2013: £2.6 million), an increase of over 40%.

The Group's detailed half year results will be announced on 24 November 2014.

Richard Law, GBG's CEO, commented:

"The performance in the first half of the year has been very pleasing across the entire Group. DecTech, which was acquired in April 2014 and which provides fraud detection and prevention solutions, is integrating well and making a strong contribution towards Group performance. 

We have maintained our strategy of investing to extend our identity intelligence capabilities together with leveraging the opportunities provided by our increasing global reach.  The proposed acquisition of Transactis, announced on 13 October 2014, further enhances our prospects and we expect our strong performance to continue through the second half of the year."

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.

GB Group plc

Richard Law, Chief Executive

Dave Wilson, Group Finance Director & Operations Director                       01244 657333

Peel Hunt LLP (Nominated Adviser and Broker)

Richard Kauffer

Daniel Harris                                                                                                                      020 7418 8900

Newgate Threadneedle

Josh Royston

Heather Armstrong                                                                                                         020 7653 9850

Website                                                                                                                               www.gbgplc.com

 

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