Globaldata continues to deliver 'strong, profitable growth' in H2
By Iain Gilbert
Date: Tuesday 14 Jan 2025
(Sharecast News) - Analytics and consulting firm Globaldata said on Tuesday that it had continued to deliver "strong, profitable growth" throughout the second half of the year.
Globaldata expects to report group revenues of roughly £286.0m, within the range of market expectations and up 4% year-on-year on an underlying basis.
Adjusted underlying earnings were also expected to be within the range of market expectations, representing growth of roughly 6% ahead of FY23, with a sustained margin of approximately 41% following continued planned investment in Globaldata's Growth Transformation Plan.
The AIM-listed group also noted that it had closed the year with underlying contracted forward revenue growth of 4%, providing "strong visibility" into 2025.
Chief executive Mike Danson said: "2024 has been a year of investment for GlobalData and we have made significant progress in our first year of executing the Growth Transformation Plan 2024-26.
"We enter 2025 from a position of strength with good revenue visibility and the firepower to execute on our strategy. We continue to progress towards our targets of 45% margin and £500.0m revenue by the end of the three-year growth plan."
As of 1040 GMT, Globaldata shares were down 3.70% at 182.0p.
Reporting by Iain Gilbert at Sharecast.com
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