Summary

Trading Statement including revenues and KPIs for the three months ended 31 March 2018 (Q1)

Revenues for three months ended 31 March 2018 refer to continuing operations, with comparatives against performance for the same period last year, are provided below.  Growth rates for Q1 performance are also expressed on an organic and constant currency basis.  All figures are unaudited.

Organic
Three months ended and constant
31 March currency
2018 2017 Variance variance1
Continuing operations: £m £m % %
Revenue
Information Services
201 174 16% 11%
Post Trade Services - LCH 118 106 12% 13%
Post Trade Services - CC&G and Monte Titoli 28 28 0% (2%)
Capital Markets
107 94 14% 13%
Technology Services 13 20 (37%) (5%)
Other 3 1 - -
Total revenue 470 423 11% 11%
Net treasury income through CCP businesses 48 34 41% 43%
Other income 2 4 - -
Total income 520 461 13% 13%
Cost of sales (56) (51) 9% 21%
Gross profit 464 410 13% 12%

(1) Organic growth is calculated in respect of businesses owned for at least the full 3 months in either period and excludes The Yield Book and Citi Fixed Income Indices, ISPS, MillenniumIT ESP and Exactpro. The Group’s principal foreign exchange exposure arises from translating our European based euro and US based USD reporting businesses into sterling.