The London Stock Exchange Group (LSE) has announced its full year results for 2023:

- Total income up 8.3% on a constant currency basis

- Good growth across all divisions with Data & Analytics growing by 7.3%

- EBITDA margin of 47.2%, slightly below guidance range

Charlie Huggins, manager of the 'Quality Shares Portfolio' at Wealth Club, commented:

"These are solid results from LSE in a difficult environment. Total income came in at the top end of the guidance range with broad based growth across each division, although EBITDA margins were a little lower than expected.

The Refinitiv deal transformed LSE's data capabilities, creating a financial powerhouse to rival Bloomberg. While it appears to be on track, with LSE exceeding its synergy targets, this is a highly complex and expensive integration. It is simply too early for LSE to declare victory.

The real test of whether the Refinitiv merger has delivered on its promise will be whether LSE can accelerate its revenue growth, while improving its profitability. For now the jury is still out."

Ends

For further information contact:

Jo Thorne: 07939882816, jo.thorne@wealthclub.co.uk

About Wealth Club

The aim of Wealth Club is simple. To provide high net worth individuals and sophisticated investors with clear, impartial and well researched information on investment opportunities not typically available through mainstream stockbrokers or financial advisers. Wealth Club was set up in February 2016 and is now the largest non-advisory broker of tax efficient investments such as VCTs, EIS and Inheritance Tax Portfolios. Since launch 11,000 clients have invested more than £1.1 billion through its platform.

.

(C) 2024 M2 COMMUNICATIONS, source M2 PressWIRE