Summary

Trading Statement including revenues and KPIs for the three months ended 30 September 2018 (Q3)

19 October 2018

Revenues for three months and nine months ended 30 September 2018 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
Three months ended and constant
30 September currency
2018 2017 Variance variance1
Continuing operations: £m £m % %
Revenue
Information Services1 
212 182 17% 9%
Post Trade Services - LCH 120 114 5% 6%
Post Trade Services - CC&G and Monte Titoli 25 26 (7%) (5%)
Capital Markets
89 97 (8%) (7%)
Technology Services1 16 23 (32%) 15%
Other 2 1 - -
Total revenue 464 443 5% 4%
Net treasury income through CCP businesses 57 42 36% 35%
Other income 1 1 - -
Total income 522 486 8% 7%
Cost of sales (57) (56) 1% 12%
Gross profit 465 430 8% 6%
Organic
Nine months ended and constant
30 September currency
2018 2017 Variance variance1
Continuing operations: £m £m % %
Revenue
Information Services1 
624 537 16% 9%
Post Trade Services - LCH 357 321 11% 11%
Post Trade Services - CC&G and Monte Titoli 77 82 (6%) (7%)
Capital Markets
305 286 6% 6%
Technology Services1 48 64 (26%) 17%
Other 7 5 - -
Total revenue 1,418 1,295 9% 8%
Net treasury income through CCP businesses 160 117 37% 37%
Other income 4 20 - -
Total income 1,582 1,432 10% 10%
Cost of sales (163) (158) 3% 12%
Gross profit 1,419 1,274 11% 9%

1 Organic growth is calculated in respect of businesses owned for at least 9 months in either period and so excludes ISPS, The Yield Book and Citi Fixed Income Indices, 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.

Note: Variances in all tables are calculated from underlying numbers