Dow Jones Newswires: London Stock Exchange Group raises dividend after 2022 profit increases to $1.49 billion.

by | Mar 2, 2023 | Stock Market

London Stock Exchange Group PLC
said Thursday that pretax profit for 2022 rose on the back of lower costs and supported by positive progress across all divisions, and raised its dividend. The FTSE 100 stock-exchange and financial-information company reported a pretax profit of 1.24 billion pounds ($1.49 billion) compared with GBP894 million in 2021.

Adjusted earnings before interest, taxes, depreciation and amortization–a metric that strips out exceptional and other one-off items–rose to GBP3.55 billion from GBP2.97 billion. The group’s total income excluding recoveries rose to GBP7.43 billion from GBP6.21 billion for the prior year. Total income was expected to be GBP7.40 billion, according to the group’s compiled forecasts. The board declared a total dividend for the full year of 107.0 pence a share, compared with 95 pence a share in 2021. The company expects 2023 revenue growth at constant currency to be between 6% and 8%, while the adjusted Ebitda margin is expected to be at around 48%. Write to Michael Susin at

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