Business
LSEG Preliminary Results FY 2022
LSEG Preliminary Results FY 2022.
About this update from London Stock Exchange Group Plc
[{"type":"text","content":"\n \n \n \n \n \n \n \n \n \n \n \n \n \n London Stock Exchange Group plc\n \n \n \n \n Preliminary results for the year ended 31 December 2022\n \n \n \n \n \n \n \n \n \n Broad-based growth and strong execution\n \n \n \n \n David Schwimmer, CEO said:\n \n \n \n \"LSEG has had a strong year, successfully integrating Refinitiv and significantly improving its performance, while also delivering strong results in our Capital Markets and Post Trade businesses. The resilience of our business model and the quality of our earnings, diversified by customer, geography, product and asset class, and over 70% subscription-based, are becoming increasingly clear.\n \n \n \"Our strategy is working. We are an increasingly important strategic partner to customers across the financial markets value chain, and that is translating into growth. We continue to invest in new products and services, and have completed four highly complementary acquisitions to further strengthen our offer. In addition to our existing share buyback, we are today announcing plans to seek shareholder approval for a buyback directed towards the Blackstone/Thomson Reuters consortium's stake, which will benefit all shareholders.\n \n \n \"We are shifting from integration to transformation. Our strategic partnership with Microsoft, as well as the investments we are making in our market-leading infrastructure and venues, will create an even stronger platform for long-term sustainable growth.\"\n \n \n \n \n \n \n \n Reported\n \n \n \n \n \n \n 2022\n£m\n \n \n \n \n \n 2021\n£m\n \n \n \n \n Variance %\n \n \n \n \n \n \n \n \n \n \n \n Pro-Forma Constant Currency Variance (excluding deferred revenue adjustment) %¹\n \n \n \n \n \n \n \n Total Income (excl. recoveries)\n \n \n \n \n \n 7,428\n \n \n \n \n 6,211\n \n \n \n \n 19.6%\n \n \n \n \n \n \n \n \n \n \n \n \n 5.7%\n \n \n \n \n \n \n Recoveries2\n \n \n \n \n 315\n \n \n \n \n 324\n \n \n \n \n (2.8%)\n \n \n \n \n \n \n \n \n \n \n \n 2.3%\n \n \n \n \n \n \n \n Total Income (incl. recoveries)\n \n \n \n \n \n 7,743\n \n \n \n \n 6,535\n \n \n \n \n 18.5%\n \n \n \n \n \n \n \n \n \n \n \n \n 5.5%\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Reported\n \n \n \n \n \n \n \n ...