Summary

Preliminary results for the year ended 31 December 2016  

Organic and
Twelve months ended constant
31 December currency
2016 2015 Variance variance1
Continuing operations   £m £m % %
Revenue      
Capital Markets 1       368.3       330.3 12% 6%
Post Trade Services - CC&G and Monte Titoli       103.7         89.8 15% 3%
Post Trade Services - LCH       356.5       302.1 18% 10%
Information Services 1       594.7       517.4 15% 7%
Technology Services 1         88.3         80.6 10% 4%
Other revenue             4.1           4.5 - -
Total revenue     1,515.6     1,324.7 14% 7%
   
Net treasury income through CCP business       124.8         85.7 46% 31%
Other income           16.7           8.2 - -
Total income     1,657.1     1,418.6 17% 9%
Cost of sales   (174.8) (125.5) 39% 30%
Gross profit     1,482.3     1,293.1 15% 7%
Operating expenses (791.6) (708.4) 12% 4%
Share of loss after tax of associate   (4.9) - -   -  
Adjusted operating profit 2       685.8       584.7 17% 10%
Amortisation of purchased intangible assets and non-recurring items (259.0) (180.3) 44% 33%
Operating profit         426.8       404.4 6% (1%)
     
Earnings per share
Basic earnings per share (p)         63.8         74.8 (15%)  
Adjusted basic earnings per share (p) 2       124.7       103.4 21%  
 
Dividend per share (p)            43.2         36.0 20%  

1Organic growth is calculated in respect of businesses owned for at least 12 months in either period and so excludes Exactpro, Proquote, Russell Investment Management, SwapMatch and XTF. The Group’s principal foreign exchange exposure arises from translating our European based euro and US based dollar reporting businesses into Sterling. 

2 before amortisation of purchased intangible assets and non-recurring items. 

Unless otherwise stated, all figures refer to the 12 months ended 31 December 2016 and comparisons are against the same corresponding period in the previous year.