London Stock Exchange Group announce an interim dividend +14.8% to 41.0p per share, to be paid on 18 September 2024 to all shareholders on the share register at the record date of 16 August 2024. The ex-dividend date is 15 August 2024.
Other financial highlights include:
Total income (excl. recoveries) up 7.1%; up 5.4% on a reported basis
Good momentum in Q2: Total income (excl. recoveries) +7.8%
All divisions performing well: Data & Analytics +4.3%, FTSE Russell +11.5%, Risk Intelligence +11.5%, Capital Markets +17.4%, Post Trade stable after strong 2023
Annual subscription value (ASV) up 6.4% at June 2024, in line with guidance
Improving profitability: Adjusted EBITDA margin 48.5%, +120 bps. Underlying performance +50 bps and FX-related impacts +70 bps
Adjusted net finance costs of £112 million, mainly reflecting the cost of refinancing in the current higher interest rate environment and higher net debt
Adjusted EPS +8.1% to 174.0p reflecting strong income growth, good cost control and a lower share count
Basic EPS -16.2% on a reported basis due to increasing non-underlying amortisation from the Refinitiv acquisition and a higher reported tax rate
Free cash flow up 29% to £761 million; leverage (net debt to EBITDA) 2.0x
