5 Feb 2009 07:00
| Embargoed until 7.00 a.m. | 5 February 2009 |
GB GROUP PLC
("GB" or the "Group")
Interim Management Statement
GB Group Plc, the identity management specialists, announces its Interim Management Statement for the period to 4 February 2009.
Trading Update
Highlights for the 9 months to 31 December 2008
Revenue for the nine months to 31 December 2008 improved by 33% to £16.94 million (2007: £12.7 million). This revenue includes a one-off settlement ('the Settlement') for licence arrears of £0.35 million and, therefore, underlying revenues from operations during the period were £16.59 million, 30% ahead of last year
Profits before taxation, share-based payments and the Settlement for the nine months to 31 December 2008 improved to £0.44 million (2007: loss of £0.86 million) compared to the same period last year. Including the value of the Settlement, profits before tax and share-based payments increased to £0.78 million
Cash balances improved by £1 million to £4.3 million (2007: £3.3 million) as a result of the increased operating profits in the period
Highlights for the quarter ended 31 December 2008:
Group revenues increased by 10% compared to the same period last year to £5.27 million (2007: £4.81 million)
Revenues from GB's identity verification business, DataAuthentication, increased by nearly a third to £2.61 million (2007: £1.98 million) compared to the same period last year
DataIntegrity and DataSolutions, providers of identity based marketing and tracing services, generated revenues of £2.66 million (2007: £2.83 million) compared to the same period last year
Group profits before taxation for the quarter to 31 December 2008 were £131,000 (2007: £74,000)
Outlook
Revenue in January was approximately 10% ahead of the same period last year and the Group has continued to trade profitably.
For further information, please contact:
| GB Group plc | 01244 657333 |
| Richard Law, Chief Executive | |
| Weber Shandwick Financial Ian Bailey Nick Oborne Clare Perks | 020 7067 0700 |
| Website | www.gb.co.uk |
Notes to Editors
About GB Group plc
The most successful organisations recognise the value of understanding your individual identity - who you are, what you need and what you like. GB combines this concept of identity with technology to create an environment of trust so that organisations can connect, communicate and transact with consumers safely, responsibly and profitably. We call this identity management.
GB Group has three complementary identity management offerings:
Identity Verification - combating ID fraud, money laundering and under-age gambling
Identity Capture and Maintenance - providing accurate and up-to-date customer information for your contact strategy
Identity Analysis - understanding, targeting and retaining profitable customers
This enables our clients to make informed business decisions based on a thorough knowledge of consumer identity and behaviour, leading to more effective communication and interaction with the customer.
GB is listed on the London Stock Exchange (GBG). For more information, please visit GB's website: www.gb.co.uk.
GB Group - because identity matters™
Gb Group (GBG)