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.