LSEG: London Stock Exchange Group Backs Full-Year Guidance After Income Rise

By Najat Kantouar London Stock Exchange Group reiterated its full year guidance after first-quarter income rose driven by growth in key segments. The stock-exchange and financial-information company said Thursday that total income--excluding recoveries--for the first quarter rose to 2.26 billion pounds ($3.01 billion) from 2.09 billion pounds for the same period a year earlier. This slightly missed company-compiled consensus at 2.27 billion pounds. Recoveries mainly relate to fees for third-party content, such as exchange data, that is distributed directly to customers. Data and analytics income grew 5.1% and capital-markets income increased 13.5%, both on constant currency basis. Meanwhile, risk intelligence segment income was up 9.3%. LSEG maintained its full year guidance, which includes organic constant currency growth in total income excluding recoveries of 6.5% to 7.5%. It still anticipates constant currency earnings before interest, taxes, depreciation and amortization margin of 50 to 100 basis points and equity free cash flow of at least 2.4 billion pounds. Write to Najat Kantouar at najat.kantouar@wsj.com (END) Dow Jones Newswires 05-01-25 0235ET By Najat Kantouar London Stock Exchange Group reiterated its full year guidance after first-quarter income rose driven by growth in key segments. The stock-exchange and financial-information company said Thursday that total income--excluding recoveries--for the first quarter rose to 2.26 billion pounds ($3.01 billion) from 2.09 billion pounds for the same period a year earlier. This slightly missed company-compiled consensus at 2.27 billion pounds. Recoveries mainly relate to fees for third-party content, such as exchange data, that is distributed directly to customers. Data and analytics income grew 5.1% and capital-markets income increased 13.5%, both on constant currency basis. Meanwhile, risk intelligence segment income was up 9.3%. LSEG maintained its full year guidance, which includes organic constant currency growth in total income excluding recoveries of 6.5% to 7.5%. It still anticipates constant currency earnings before interest, taxes, depreciation and amortization margin of 50 to 100 basis points and equity free cash flow of at least 2.4 billion pounds. Write to Najat Kantouar at najat.kantouar@wsj.com (END) Dow Jones Newswires 05-01-25 0235ET