Listed London company GlobalData is celebrating strong growth in 2022 and expects more in 2023.
In the financial year to December 31st 2022, the provider of industry intelligence performed ahead of the top-end of the range of analysts’ forecasts.
The group expects to deliver revenue of £242 million – up 22% from £189.3m in 2021 – and adjusted EBITDA of £86m, up 25% from £64.4m in 2021.
It will close on net debt of £252m (2021: £177.6m).
It said its ‘resilient’ position will deliver further growth with high revenue visibility and expects adjusted EBITDA to be materially ahead of expectations for FY2023.
“The last 12 months have clearly demonstrated that GlobalData continues to provide highly valued, critical information and insights across multiple markets to its global customer base through a unique, scalable platform,” said CEO Mike Danson.
“We have continued to invest throughout the year in enhancing our single platform and in our people. That strategy has delivered another year of profitable growth and further strengthened the foundations of our business for future growth.
“The group enters the new financial year in a strong position, and we anticipate delivering towards the top end of our EBITDA margin target.
“Our confidence is underpinned by high revenue visibility, a stable cost base and excellent cash generation from a platform that delivers value for our customers, our people and shareholders.”