GB Group is a specialist in identity data intelligence. Its products and services enable its customers to better understand and verify their customers and are used across a range of fraud, risk management, compliance and customer on-boarding services.
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GB Group (GBG) reported a mixed performance in H123: strong growth in its Fraud and Location businesses was offset by weaker performance in the Identity business resulting in pro forma constant currency revenue growth of 3.4% y-o-y. Cryptocurrency headwinds and slowing economic growth drive downgrades to our Identity revenues and normalised EPS forecasts. Integration of Acuant is now complete and GBG is showing early signs of leveraging Acuant’s products and technology across the group.
Y/E Mar |
Revenue (£m) |
EBITDA (£m) |
PBT (£m) |
EPS (fd) (p) |
P/E (x) |
P/CF (x) |
|---|---|---|---|---|---|---|
| 2021A | 217.7 | 61.4 | 56.7 | 22.4 | 14.5 | 8.7 |
| 2022A | 242.5 | 62.2 | 57.1 | 20.2 | 16.0 | 12.5 |
| 2023E | 298.1 | 74.6 | 66.5 | 20.0 | 16.2 | 11.5 |
| 2024E | 334.4 | 84.6 | 77.1 | 22.5 | 14.4 | 9.4 |
Industry outlook
Globalisation and the growth in internet trading have also resulted in the need for higher compliance standards in light of the rising scope and financial impact of cybercrime. This, in turn, is driving the demand for more complex and comprehensive solutions for the verification of personal data and the reduction of identity-related fraud.
Last updated on 01/12/2022Content on GB Group
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Key management |
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| Richard Longdon | Chairman |
| Chris Clark | CEO |
| David Ward | CFO |
| Richard Foster | IR |