London Stock Exchange Third Quarter Total Income Rise; Confirm FY21 View – Quick Facts
(RTTNews) – The London Stock Exchange Group plc (LSE.L) reported on Friday that its total third-quarter income, excluding recoveries, rose 1.7% to Â£ 1.693 billion from Â£ 1.665 billion last year .
Constant exchange rate growth was 7.5%, while revenue growth was 7.6% on a pro forma constant currency basis, excluding the impact of an accounting adjustment for deferred income.
Including recoveries, total income was 1.783 billion pounds, up 2.1% from 1.747 billion pounds last year. Constant currency growth was 7.1%, while constant currency growth excluding deferred income adjustment was 7.2%.
The results reflect good performance in all divisions.
Gross margin increased 2.4% on a reported basis and 7.2% at constant rates to 1.56 billion pounds.
Data & Analytics revenue increased 6.0%, Capital Markets revenue increased 17.2%, and Post Trade revenue increased 11.5%.
Looking ahead, the company said it continues to expect total revenue growth of between 4% and 5% for the full year of 2021, with fourth quarter revenue not expected to grow as quickly. than the third quarter at constant exchange rates due to the strong comparator in the fourth quarter of 2020..
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