Q1 2021 Trading Statement
28 April 2021
David Schwimmer, CEO said:
“LSEG has delivered good results in the first quarter, with strong underlying performance across all divisions.
"Following the completion of the acquisition of Refinitiv, we are executing on our integration plans to deliver the long-term strategic and financial benefits of the transaction; we are making good progress on our synergies and have already realised £40 million of run-rate cost savings. We have also begun to implement a number of programmes to deliver product enhancements and offer additional data and services for our customers as we execute on our growth ambitions.
"The successful re-financing of our bridge facilities with longer-term debt at the end of Q1, together with the reduction in leverage with the proceeds from the expected completion of the divestment of Borsa Italiana, puts LSEG in a strong financial position. We look forward to further progress during the rest of 2021.”