London Stock Exchange 2021 Pretax Profit Rose, Adjusted Ebitda Ahead of Views
March 03 2022 - 3:04AM
Dow Jones News
By Sabela Ojea
London Stock Exchange Group PLC on Thursday reported a
more-than-doubled pretax profit for 2021 after strong growth across
all of its businesses.
The FTSE 100 stock-exchange and financial-information company
posted a pretax profit of 987 million pounds ($1.32 billion)
compared with GBP492 million a year earlier.
Adjusted earnings before interest, taxes, depreciation and
amortization--a metric that strips out exceptional and other
one-off items--rose 8.3% to GBP3.28 billion. The company's
performance was above market views of adjusted Ebitda at GBP3.23
billion, taken from its compiled consensus.
The group's total income excluding recoveries rose to GBP6.81
billion from GBP6.77 billion for the prior year. Total income was
expected to be GBP7.13 billion, according to the group's compiled
forecasts.
LSEG's operations in Russia and Ukraine account for less than 1%
of total income, it added.
The board declared a 27% increase in its full-year dividend of
95 pence a share, after proposing a final dividend of 70 pence a
share.
Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix
(END) Dow Jones Newswires
March 03, 2022 02:49 ET (07:49 GMT)
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