London Stock Exchange 2022 Pretax Profit Rose on Lower Costs, Raises Dividend
02 March 2023 - 7:04PM
Dow Jones News
By Michael Susin
London Stock Exchange Group PLC said Thursday that pretax profit
for 2022 rose on the back of lower costs and supported by positive
progress across all divisions, and raised its dividend.
The FTSE 100 stock-exchange and financial-information company
reported a pretax profit of 1.24 billion pounds ($1.49 billion)
compared with GBP894 million in 2021.
Adjusted earnings before interest, taxes, depreciation and
amortization--a metric that strips out exceptional and other
one-off items--rose to GBP3.55 billion from GBP2.97 billion.
The group's total income excluding recoveries rose to GBP7.43
billion from GBP6.21 billion for the prior year. Total income was
expected to be GBP7.40 billion, according to the group's compiled
forecasts.
The board declared a total dividend for the full year of 107.0
pence a share, compared with 95 pence a share in 2021.
The company expects 2023 revenue growth at constant currency to
be between 6% and 8%, while the adjusted Ebitda margin is expected
to be at around 48%.
Write to Michael Susin at michael.susin@wsj.com
(END) Dow Jones Newswires
March 02, 2023 02:49 ET (07:49 GMT)
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