By Joe Hoppe

London Stock Exchange Group PLC said Thursday that total income for the first quarter rose on an underlying basis, with all divisions contributing to growth.

The stock-exchange and financial-information company said total income--excluding recoveries--for the first three months of the year was 2.01 billion pounds ($2.51 billion), up 7.5% on a constant-currency basis. Excluding the effect of the Russian invasion of Ukraine, total income rose 8%.

The company said performance was positive across all divisions, demonstrating the strength of its business model, improving revenue quality and its role in financial market resilience.

The company reiterated its guidance for the full-year. It sees 6%-8% constant currency growth in total income, excluding recoveries, capital expenditure of around GBP750 million and an earnings before interest, taxes, depreciation and amortization margin of around 48%.

"As we continue our shift from integration to transformation, we are confident of making further progress through the rest of the year," Chief Executive David Schwimmer said.

Write to Joe Hoppe at joseph.hoppe@wsj.com

(END) Dow Jones Newswires

April 27, 2023 02:33 ET (06:33 GMT)

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