GB Group PLC Trading Update (2576Q)
25 February 2021 - 6:00PM
UK Regulatory
TIDMGBG
RNS Number : 2576Q
GB Group PLC
25 February 2021
Embargoed until 7.00 a.m. 25 February 2021
GB GROUP PLC
("GBG" or the "Company")
Trading Update
GBG, (AIM:GBG) the global identity data intelligence specialist,
provides an update on its trading performance for the year to 31
March 2021.
Trading has been stronger than anticipated since the Company's
interim results were reported last December. In particular, the
Company's Identity division benefitted materially through January
and early February from increased transaction volumes driven by the
well-publicised spike in bitcoin market activity and retail share
trading in the US and Europe. It also saw a positive impact from
the financial stimulus packages in the US.
As a result of this, the Board now believes the financial
results for the full year will be ahead of consensus expectations
with forecast revenues to be at least GBP213 million and operating
profit above GBP53 million.
The Group expects to provide a further update on trading during
the week commencing 19 April 2021 and to report its results for the
year to 31 March 2021 in June 2021.
This announcement contains inside information which is disclosed
in accordance with the Market Abuse Regulation.
Enquiries
GBG
Chris Clark, CEO & Dave Wilson, CFO & COO +44 (0) 1244 657333
Peel Hunt LLP (Nominated Adviser and Broker)
Edward Knight, Paul Gillam & Nick Prowting +44 (0) 20 7418 8900
Tulchan Communications LLP +44 (0) 20 7353 4200
James Macey White & Matt Low GBG@tulchangroup.com
Website www.gbgplc.com/investors
About GBG
GBG offers a range of solutions that help organisations quickly
validate and verify the identity and location of their
customers.
Our market-leading technology, data and expertise help our
customers improve digital access, deliver a seamless experience and
establish trust, so that they can transact quickly, safely and
securely with their customers online.
Headquartered in the UK and with over 1,000 team members across
16 countries, we work with 20,000 customers in over 70 countries.
Some of the world's best-known businesses rely on GBG to provide
digital services and keep the economy moving, from US e-commerce
giants to Asia's biggest banks and European household brands.
To find out more about how we help our customers establish trust
with their customers, visit www.gbgplc.com and follow us on
LinkedIn and Twitter@gbgplc.
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END
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