LSEG realised a strong quarter with continued growth in Data & Analytics (recurring revenue) while benefiting from the volatile market environment in Capital Markets and Post-Trade. Thanks to its good progress on its revenue and cost synergies targets, opex landed particularly low vs consensus, leading to a good improvement in adjusted EBITDA margin, now in line with the 2023 target. Management looks set to achieve all its long-term targets and estimates that momentum seen in H1 should continue ....
05 Aug 2022
A roaring H1 with strong progress on revenue and cost synergies
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A roaring H1 with strong progress on revenue and cost synergies
London Stock Exchange Group plc (LSEG:LON) | 9,517 0 0.0% | Mkt Cap: 50,973m
- Published:
05 Aug 2022 -
Author:
Sylvain Perret -
Pages:
3
LSEG realised a strong quarter with continued growth in Data & Analytics (recurring revenue) while benefiting from the volatile market environment in Capital Markets and Post-Trade. Thanks to its good progress on its revenue and cost synergies targets, opex landed particularly low vs consensus, leading to a good improvement in adjusted EBITDA margin, now in line with the 2023 target. Management looks set to achieve all its long-term targets and estimates that momentum seen in H1 should continue ....