Trading Statement including revenues and KPIs for the three months ended 30 September 2018 (Q3)
19 October 2018
Commenting on performance in Q3
David Schwimmer, Chief Executive, said:
“The Q3 results show continued momentum across the Group, reflecting another period of operational execution and investment in the business. Information Services and LCH both delivered good year on year growth. We also announced today that we are in the process of acquiring up to a further 15.1% stake in LCH, which is expected to take our majority ownership of this valuable strategic business to over 80%, reflecting our continued confidence in LCH’s opportunities for further growth as it develops its business in partnership with its customers.
“Since I joined LSEG in August my initial impressions of the Group’s strengths have been reinforced as I have spent time with our businesses and met with key stakeholders. The Group has world class assets, a strong financial position and a proven strategic approach. As today’s results show, we have a great platform from which to grow and develop further opportunities as we navigate the evolving economic and regulatory landscape ahead.”