LSE Group improves earnings margin outlook

Monday, 12. June 2017 20:03

The giant British equity market operator indicated on Monday that it is undeterred by the failure to merge with Deutsche Boerse. London Stock Exchange Group Plc informed investors it sees the margin of earnings before interest, taxes, depreciation and amortization (EBITDA) at 55% by 2019, compared to 46.5% from last year. 

The "next-phase cost efficiencies" will come alongside "strong revenue growth" in order to bolster operating leverage, management said. The company expressed confidence its clearing firm LCH would get its margin growth almost 15 percentage points higher in the period, to 50%, with further double-digit revenue growth in the over-the-counter sector. The same overall outlook was given to FTSE Russel.

Related Links: London Stock Exchange Group plc
Breaking the News / IT