Summary

Interim Management Statement for the period to 18 October 2017, including revenues and KPIs for the three months ended 30 September 2017 (Q3) - Financial Summary

Revenues for three months and nine months ended 30 September 2017 refer to continuing operations, with comparatives against performance for the same period last year, are provided below.  Growth rates for both Q3 and year to date performance are also expressed on an organic and constant currency basis.  All figures are unaudited.

Organic Organic
Three months ended and constant Nine months ended and constant
30 September currency 30 September currency
2017 2016 Variance variance1 2017 2016 Variance variance1
Continuing operations: £m £m % % £m £m %
Revenue
Information Services1
181.8 148.5 22% 15% 536.7 434.4 24% 14%
Post Trade Services - LCH 113.9 89.5 27% 24% 321.1 256.7 25% 19%
Post Trade Services - CC&G and Monte Titoli 26.2 25.2 4% (2%) 81.5 73.3 11% 2%
Capital Markets1  96.7 89.6 8% 5% 286.3 271.2 6% 1%
Technology Services 22.7 20.8 9% 7% 63.8 58.8 9% 3%
Other 1.4 2.6 - - 5.9 3.7 - -
Total revenue 442.7 376.2 18% 13% 1,295.3 1,098.1 18% 11%
Net treasury income through CCP businesses 42.0 35.3 19% 13% 116.8 91.3 28% 18%
Other income 1.4 3.1 - - 19.4 11.0 - -
Total income 486.1 414.6 17% 12% 1,431.5 1,200.4 19% 12%
Cost of sales (55.7) (44.8) 24% 20% (157.3) (121.8) 29% 22%
Gross profit 430.4 369.8 16% 11% 1,274.2 1,078.6 18% 11%

1Organic growth is calculated in respect of businesses owned for at least the full 3 or 9 months in either period and excludes The Yield Book and Citi Fixed Income Indices, ISPS, Mergent and SwapMatch. The Group’s principal foreign exchange exposure arises from translating our European based euro and US based USD reporting businesses into sterling.