GBG announces latest results

Identity intelligence specialist GB Group has announced its latest financial results.

In a statement, the company said it expects to report a 53% improvement on its operating profit. In a trading update ahead of its final results in June, the Chester-based business said it anticipates operating profits of £26m for the year to March 31, this compared with £17m the previous year.

Revenue growth is expected to be approximately 37%, with total revenue of around £119.7m, also ahead of market consensus, of which 17% is organic.

Chris Clark, CEO of GBG, said“I am delighted with GBG’s performance, in this my first year, which was made possible by the great team of people at GBG. We remain confident in the strength of our existing products and services and the momentum across the business.

“This encouraging update is testament to the dedication of our team members across the globe and I want to thank everyone at GBG for their continued hard-work and contribution.”