Full Year 2024 London Stock Exchange Group PLC Earnings Call Transcript
Key Points
- London Stock Exchange Group PLC (LDNXF) reported strong revenue growth of 8.4% for 2024, with an organic growth rate of 7.7%.
- The company achieved an 80 basis point improvement in operating margin, demonstrating efficient growth.
- Equity-free cash flow increased significantly to GBP2.2 billion, supporting shareholder returns and future investments.
- Capital Markets division experienced exceptional growth, nearly 18%, driven by Tradeweb's record performance.
- The integration of Tradeweb data into FTSE Russell progressed well, enhancing product offerings and market reach.
- The loss of the Euronext business impacted Post Trade growth, despite a strong performance in 2023.
- There were concerns about senior management turnover, particularly in the Data & Analytics division.
- The company faced challenges with contract losses, including the UBS-Credit Suisse consolidation.
- Interest expenses increased due to higher refinancing costs, impacting net financial expenses.
- The effective tax rate rose to 24%, influenced by the UK corporation tax rate increase.
Good morning and welcome to the investor and analyst call for LSEG's 2024 full-year results. (Operator Instructions) I would like to remind all participants that this call is being recorded.
I will now hand over to David Schwimmer, Chief Executive Officer, to open the presentation. Please go ahead.
Good morning and welcome to our 2024 full-year results. I'm joined by Michel-Alain Proch or MAP, our CFO; and by Peregrine Riviere, Head of Investor Relations.
In 2024, LSEG made significant progress on our strategy, as we continue to transform our business and the industry we serve with innovative products across the trade life cycle. LSEG delivered a year of strong revenue growth, up 8.4% or 7.7% on an organic basis. Our good performance was broad-based, driven by a high pace of innovation and relentless customer focus. We're also delivering efficient growth, with 80 basis points of margin improvement in the year.
Our equity-free cash flow was
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
