LSEG’s total income up 18.5% to £7.7 billion in 2022
The Group’s operating profit for 2022 came in at £1.4 billion, jumping 33.1% from the previous year. The stock exchange reported pre-tax profit of £1.2 billion, up by 38.8%. Basic earnings per share for the period surged 65.3%. LSEG ended the year with adjusted EBITDA at £3.5 billion, 19.6% higher than 2021 and with unchanged […] The post LSEG’s total income up 18.5% to £7.7 billion in 2022 appeared first on LeapRate.
The Group’s operating profit for 2022 came in at £1.4 billion, jumping 33.1% from the previous year. The stock exchange reported pre-tax profit of £1.2 billion, up by 38.8%. Basic earnings per share for the period surged 65.3%.
LSEG ended the year with adjusted EBITDA at £3.5 billion, 19.6% higher than 2021 and with unchanged margin of 47.8%.
The adjusted operating profit for 2022 reached £2.7 billion, jumping 19.5% and the adjusted EPS increase was 16.7%.
Schwimmer added:
Our strategy is working. We are an increasingly important strategic partner to customers across the financial markets value chain, and that is translating into growth. We continue to invest in new products and services, and have completed four highly complementary acquisitions to further strengthen our offer. In addition to our existing share buyback, we are today announcing plans to seek shareholder approval for a buyback directed towards the Blackstone/Thomson Reuters consortium’s stake, which will benefit all shareholders.
In December last year, LSEG revealed it has agreed to acquire Acadia, a provider of automated uncleared margin processing and integrated risk and optimisation services.
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