The LSEG announced this morning its numbers for FY18. In terms of P&L, no major surprises as both total income and expenses were bang in line with expenses. Hence, adjusted operating profit was in line with expectations. Management dropped its 2019 EBITDA guidance (55%) at a time when consensus expectations (Bloomberg) are at 52% (vs. 53% for our expectations). It expects higher total growth in expenses than was initially thought (4%) due to ongoing investments. That mainly has an impact
01 Mar 2019
Growth, Growth, Growth...
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London Stock Exchange Group plc (LSEG:LON) | 9,517 -9707.3 (-1.1%) | Mkt Cap: 50,973m
- Published:
01 Mar 2019 -
Author:
Farhad Moshiri -
Pages:
2
The LSEG announced this morning its numbers for FY18. In terms of P&L, no major surprises as both total income and expenses were bang in line with expenses. Hence, adjusted operating profit was in line with expectations. Management dropped its 2019 EBITDA guidance (55%) at a time when consensus expectations (Bloomberg) are at 52% (vs. 53% for our expectations). It expects higher total growth in expenses than was initially thought (4%) due to ongoing investments. That mainly has an impact