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Posted on June 6, 2017 by staff

Profit hits £10m at data intelligence specialist GB Group

Profit hits £10m at data intelligence specialist GB Group

Chief executive of GBO Global, Chris Clark
Chief executive of GBO Global, Chris Clark

Identity data intelligence specialist GB Group has continued its global growth, announcing profits of £10m.

Based in Chester, the firm’s pre-tax earnings in the 12 months leading up to March 31 were up eight per cent on the previous year.

It has partly attributed the performance to a multi-million pound acquisition last month – which increased GBG’s presence on the international stage.

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New business wins with blue chips including Saxo Bank A/S and Lufthansa pushed revenue growth to 19.2 per cent, rising to £87.5m. 

GBG’s international revenues now account for 31.1 per cent of total earnings.

Last year, that figure stood at 26.4 per cent.

Chief executive Chris Clark said: “We have made a positive start to the year, with trading in line with management expectations.
“We have also completed a successful acquisition and I am excited about the opportunities this brings.

“As this is my first statement as CEO I wanted to thank the GBG team for making me feel so welcome.

“I am committed to continuing to invest in our people, customers, products and services to provide another positive year for all our stakeholders. I am confident in the direction we are heading as a Group and I am looking forward to the year ahead.”

GBG is a global specialist in identity data intelligence, helping organisations make decisions about customers they serve and people they employ.