London Stock Exchange Group : H1 2024 figures in-line, ASV growth better at 6.4%, guidance reiterated
>Revenue and adj.EPS in-line, 60bps beat to profitability - Total revenue (excl. recoveries) came in at £ 4204m, up 7.6% on a c.c. basis (5.4% reported) and in-line with consensus forecast and AAOBe. Adjusted EBITDA grew 8.4% (c.c. basis) to £ 2040m, implying a margin of 48.5% which is 60bps ahead of consensus. The beat to profitability stems from better underlying costs and a small FX impact. The small gain to profitability was diluted by higher interest charges (re...London Stock Exchange Group is a global markets infrastructure business based in the United Kingdom. Co's operating segments include: Information Services, which provides a range of information and data products including indexes and benchmarks; Post Trade Services LCH, which provides clearing services through which counterparty risk is mitigated across multiple asset classes; Capital Markets, provides access to capital for domestic and international businesses and electronic platforms for secondary market trading of equities, bonds and derivatives; and Group Technology, which provides secure technologies to customers that require performance at high levels of availability and throughput.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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