ANNOUNCEMENT OF PRELIMINARY RESULTS FOR YEAR ENDED 31 MARCH 2013
Further strong progress as the Group delivers on its strategy for growth, increased global scale and reach
Good financial and operational performance from an increasingly diversified business against a backdrop of challenging markets
Revenue up 7 per cent at £726.4 million (2012: £679.8 million); adjusted total income up 5 per cent at £852.9 million (2012: 814.8 million)
Core operating costs held flat, before impact of acquisitions and FX; operating expenses up 12 per cent to £422.7 million, reflecting acquisitions (2012: £378.8 million)
Adjusted operating profit 3 per cent lower at £430.2 million (2012: £441.9 million); operating profit also 3 per cent down at £348.4 million (2012: £358.5 million)
Adjusted profit before tax down 5 per cent at £380.7 million (2012: £400.6 million); profit before tax of £298.9 million (2012: £639.7 million, which included recognition of the increased value in FTSE)
Adjusted basic EPS, including tax credits, up 5 per cent at 105.3 pence (2012: 100.6 pence); basic EPS of 80.4 pence (2012: 193.6 pence, including recognition of the increased value of our interest in FTSE)
Proposed final dividend up 4 per cent to 19.8 pence per share; total dividend for the year increased 4 per cent to 29.5 pence per share. The final dividend will be paid on 19 August 2013 to shareholders on the register on 26 July 2013
Completion of acquisition of majority stake in LCH.Clearnet on 1 May 2013; work is underway to achieve the benefits of this transformational deal
Chris Gibson-Smith, Chairman, London Stock Exchange Group, said:
"This has been another year of significant progress as we have become a more international and more diversified business. The successful execution of our strategy has produced tangible operational and financial benefits and positions us well for further growth opportunities.
"We remain firmly focused on capitalising on the many opportunities that are available to us and to creating long term value."
Commenting on the year, Xavier Rolet, Chief Executive, London Stock Exchange Group said:
"The Group has delivered a good full year performance with 7 per cent revenue growth and a 5 per cent increase in adjusted earnings per share.
"We have expanded our scale and reach, launched innovative new products and partnered with customers to develop new ventures. FTSE has performed well and is embedded as a core part of our business, and MillenniumIT has increased its third party sales as well as delivering key technology upgrades for the Group. These achievements, and other initiatives we have undertaken to become more efficient and diversify our business, have laid strong foundations on which to continue to build and drive the Group forward. We are optimistic about the year ahead and we will continue to focus on building best in class capabilities, extending our global footprint and to developing opportunities, now with LCH.Clearnet as part of the Group."
