H1 2022 analyst consensus and webcast replay

H1 2022 analyst consensus and webcast replay

LSEG plc released its H1 2022 Interim Results on 5 August 2022

£m H1 2022
Revenue Consensus Low High
Trading and banking solutions 763 743 777
Enterprise data solutions 620 610 633
Investment solutions 628 615 642
Wealth solutions 130 127 137
Customer and third party risk 195 192 200
Data & Analytics 2,337 2,289 2,362
Equities 130 126 134
FX 120 118 123
Fixed income, derivatives & other 466 454 476
Capital Markets 716 704 729
OTC Derivatives 189 182 216
Securities & Reporting 127 121 131
Non-Cash Collateral 49 48 52
Post Trade 365 358 397
NTI 117 111 130
Post Trade income 481 471 521
Other 13 - 17
Total Income (excl. recoveries) 3,547 3,503 3,583
Recoveries 162 159 167
Total Income (incl. recoveries) 3,715 3,663 3,766
Cost of Sales (485) (506) (475)
Gross Profit 3,229 3,186 3,290
Adjusted opex (1,521) (1,572) (1,480)
Income from equity investments 2 - 8
Share of profit / (loss) after tax of associates - (2) -
Adjusted EBITDA 1,710 1,651 1,797
Adjusted EBITDA margin (%) ex-recoveries 48.2% 46.9% 50.9%
Underlying depreciation and amortisation (387) (404) (365)
Adjusted operating profit 1,322 1,247 1,433
Net finance expense (81) (86) (72)
Adjusted profit before tax 1,241 1,167 1,352
Tax (284) (311) (263)
Tax rate 22.8% 23.2% 21.5%
Adjusted profit after tax 958 904 1,041
Non-controlling interest (125) (132) (120)
Underlying profit from continuing operations 833 783 918
Weighted Average number of shares 556.5 554.4 558.1
Adjusted basic EPS 149.6 140.3 164.8
Total Dividend (p) 31.2 25.7 35.0

Sources and bases:

Consensus has been compiled from financial estimates (models) provided by third-party research analysts. Models which include material errors in calculation have been excluded. Consensus is based on 13 analyst models updated and published since LSEG's Q1 2022 Trading Update (issued 27 April 2022) on a consistent basis.

Please note that any opinions, estimates or forecasts regarding London Stock Exchange Group performance made by the contributing analysts to the above consensus are theirs alone and are not endorsed by the company.



H1 2022 results analyst and investor conference call

 

The Group hosted a virtual-only webcast and conference call for its H1 Interim Results for analysts and institutional shareholders on 5 August at 09:00am (UK time). On the call was David Schwimmer (Chief Executive Officer), Anna Manz (Chief Financial Officer) and Paul Froud (Group Head of Investor Relations). View a replay of the webcast below.