GB Group PLC - Chester, England-based identity data intelligence firm - Says results for the financial year that ended March 31 were ahead of market expectations. Expects to report revenue of £242 million with adjusted operating profit margin at upper end of expectations of around 24%. This will result in adjusted operating profit no less than £58 million. Expresses confidence in future growth.

In financial 2021, GB generated revenue of £217.7 million and an adjusted operating profit of £57.9 million. Thus, this year’s results would represent revenue growth of 11% and profit growth of 0.2%.

Warns of macro-economic uncertainties, including continued pandemic restrictions, geopolitical uncertainties, and rising inflation. Notes it has no operations or active suppliers in Russia, Belarus or Ukraine. Confirms business has been suspended with its ‘small number’ of customers who are incorporated in Russia. Adds that exposure to Russian customers is limited with combined revenue in financial 2022 of less than 0.5% of group revenue.

Current stock price: 652.29 pence, up 14% on Thursday

12-month change: down 26%

Copyright 2022 Alliance News Limited. All Rights Reserved.