2020 Summary

2020 Summary

Preliminary results for the year ended 31 December 2020

5 March 2021

Unless otherwise stated, all figures below refer to continuing operations for the year ended 31 December 2020. Comparative figures are for continuing operations for the year ended 31 December 2019. Variance is also provided on an organic and constant currency basis.

 Twelve months ended 

31 December

Organic

and

 constant

currency


2020

2019

Variance

Variance1

Continuing operations

£m

£m

%

%

Revenue

 

Information Services

882

855

3%

3%

Post Trade

751

700

7%

7%

Capital Markets

427

426

-

-

Technology

61

66

(7%)

(7%)

Other revenue

3

9

-

-

Total revenue

2,124

2,056

3%

3%

Net treasury income through CCP businesses:

319

255

25%

24%

Other income

1

3

-

-

Total income

2,444

2,314

6%

5%

Cost of Sales

(224)

(210)

7%

6%

Gross profit

2,220

2,104

6%

5%

Adjusted operating expenses before depreciation, amortisation and impairment

(887)

(839)

6%

5%

Underlying depreciation, amortisation and impairment

(211)

(200)

5%

5%

Adjusted operating expenses2

(1,098)

(1,039)

6%

4%

Income from equity investments

-

7

-

-

Share of loss after tax of associate

(4)

(7)

-

-

Adjusted operating profit2

1,118

1,065

5%

6%

Add back underlying depreciation, amortisation and impairment

211

200

5%

5%

Adjusted earnings before interest, tax, depreciation, amortisation and impairment2

1,329

1,265

5%

5%

Amortisation and impairment of purchased intangible assets and non-underlying items3

(363)

(327)

11%

11%

Operating profit

755

738

2%

3%

 

 

 

Earnings per share

Basic earnings per share (p)

120.3

119.5

1%

Adjusted basic earnings per share (p)2

209.7

200.3

5%

Dividend per share (p)

75.0

70.0

7%

The Group’s principal foreign exchange exposure arises from translating and revaluing its foreign currency earnings, assets and liabilities into LSEG’s reporting currency of Sterling.

1Organic growth is calculated in respect of businesses owned for at least 12 months in either period and so excludes Beyond Ratings

2Before amortisation of purchased intangible assets and non-underlying items