Summary

2017 Q1 Revenue Summary

Revenues for three months ended 31 March 2017 refer to continuing operations, with comparatives against performance for the same period last year.  Growth rates for Q1 are also expressed on an organic and constant currency basis.  All figures are unaudited.

Organic and
Three months ended constant
31 March currency
2017 2016 Variance variance1
Continuing operations: £m £m % %
Revenue
Capital Markets  93.7 92.4 1% (4%)
Post Trade Services - CC&G and Monte Titoli 27.7 23.5 18% 6%
Post Trade Services - LCH 105.7 84.3 25% 17%
Information Services  171.6 138.9 24% 9%
Technology Services 20.5 16.2 27% 18%
Other  1.4 1.0 - -
Total revenue 420.6 356.3 18% 8%
Net treasury income through CCP businesses 34.0 27.9 22% 9%
Other income 4.1 0.8 - -
Total income 458.7 385.0 19% 9%
Cost of sales (49.6) (34.4) 44% 27%
Gross profit 409.1 350.6 17% 7%

1Organic growth is calculated in respect of businesses owned for at least the full 3 months in either period and excludes Russell Investment Management, SwapMatch, Mergent and ISPS. The Group’s principal foreign exchange exposure arises from translating our European based euro and US based USD reporting businesses into sterling.