Member Article

GB Group reports strong final results

GB Group plc, the Chester-based identity data intelligence specialist, has reported strong results for the year ended 31 March 2015.

The stats

Group profit before tax was £5.92m, an increase of 49% compared to the previous year which had pre-tax profits of £3.98m.

It also reported 37% revenue growth to £57.3 million (2014: £41.8 million), with organic revenue growth of 15% (2014: 10%).

The analysis

The group has had two successful acquisitions of DecTech and CDMS Limited which have contributed to the revenues of the company.

GB Group has also had some notable contract wins this year including Stripe and Holvi; retailers Waitrose and John Lewis; and the UK’s Serious Fraud Office.

The comment

Chief executive, Richard Law, said: “The Group has had a successful year and I expect this positive trend to continue.

“I am very pleased with the strong performance to the start of the new financial year which has included the important acquisition of Loqate Inc. in April 2015, extending GBG’s suite of solutions and geographic reach.

“As we look to 2016 and beyond, I am confident that we have the right vision, and strategy and most importantly the right team in place to deliver our key objective of continued profitable growth.”

The summary

A strong set of final results for GB Group with pre-tax profits of £5.92m and revenue growth of 37%.

This was posted in Bdaily's Members' News section by Sophia Taha .