- Globaldata
- 14 January 2025 10:43:16
Source: Sharecast
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