Business
Annual Report and Accounts
Annual Report and Accounts.
About this update from Globaldata Plc
[{"type":"text","content":"\n \n \n RNS Number : 8190E\n GlobalData PLC\n 03 March 2020\n \n \n \n \n \n \n \n GlobalData plc (\"GlobalData\" or the \"Company\")\n \n \n \n \n \n Annual Report and Accounts\n \n \n \n \n \n GlobalData announces that its Annual Report and Accounts for the year ended 31 December 2019 is now available on the Company's website, \n \n www.globaldata.com\n \n . \n \n \n \n \n \n The Company confirms that its audited financial results for the year ended 31 December 2019 are in line with the unaudited final results announcement issued on 24 February 2020, with the exception of a reclassification of £1.9 million of expenses between Cost of Sales and Administration costs on the Income Statement. The impact of this reclassification reduces GlobalData's Cost of Sales (increasing Gross Profit), with a corresponding increase in Administration costs. This reclassification has no impact on GlobalData's Revenue, Adjusted EBITDA or other earnings metrics.\n \n \n \n \n \n The amended version of the Company's final results is set out below:\n \n \n \n \n \n \n \n \n \n \n \n \n GlobalData Plc\n \n \n Final Results For The Year Ended 31 December 2019\n \n \n \"Continued product development delivers revenue, earnings and margin growth\"\n \n \n \n \n \n Operational Highlights\n \n \n \n \n \n · \n Completed transition to centralised operating model and single platform\n \n \n · \n Major product upgrade; enhanced user-experience, functionality, and site performance\n \n \n · \n Launches of new, productised data, analytics, and insights\n \n \n · \n Significant investment in upgrading core infrastructure and business technologies\n \n \n \n \n \n Financial Highlights \n \n \n · \n Group revenue increased by 13% to £178.2m (2018: £157.6m)\n \n \n · \n Organic revenue growth of 7%\n \n \n · \n Adjusted EBITDA\n \n (1)\n \n increased by 38% to £44.6m (2018: £32.2m)\n \n \n · \n Improved Adjusted EBITDA margin\n \n (1)\n \n of 25%, achieved ahead of schedule (2018: 20%) \n \n \n · \n Cash generated from operations of £52.4m (2018: £25.1m), 117% of Adjusted EBITDA\n \n \n · \n Invoiced forward revenues\n \n (3)\n \n increased by 5% to £85.1m (2018: £81.4m)\n \n \n · \n Statutory profit before tax of £10.2m (2018: loss £7.7m)\n \n \n · \n Final dividend...