LSEG to Return $1.24 Billion via Share Buybacks During 2024; Sets Medium-Term Targets
17 Novembro 2023 - 3:37AM
Dow Jones News
By Ian Walker
London Stock Exchange Group plans to return 1 billion pounds
($1.24 billion) to shareholders via buybacks over next year and has
set a target to grow organic revenue mid-to-high-single digit
annually, accelerating after 2024.
In a statement on its website as part of its capital markets
event, the stock-exchange and financial-information company said
that it expects underlying earnings before interest, taxes,
depreciation and amortization margin to increase over time, and for
capital expenditure to fall to high-single-digit percent of
revenue.
It added that the board will continue to focus on
value-accretive acquisition that will add new technology,
capabilities or data to enhance its offering to customers.
LSEG also backed its 2023 guidance for revenue grow toward the
upper end of the 6%-8% range, as provided on Oct. 19.
Write to Ian Walker at ian.walker@wsj.com
(END) Dow Jones Newswires
November 17, 2023 01:22 ET (06:22 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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