London Stock Exchange Group plc (LDNXF) Q2 2023 Earnings Call Transcript

London Stock Exchange Group plc (OTCPK:LDNXF) Q1 2024 Earnings Conference Call August 3, 2023 5:00 AM ET

Company Participants

Peregrine Riviere – Investor Relations

David Schwimmer – Group Chief Executive Officer

Anna Manz – Group Chief Financial Officer

Conference Call Participants

Bruce Hamilton – Morgan Stanley

Mike Werner – UBS

Kyle Voigt – KBW

Tom Mills – Jeffries

Russell Quelch – Redburn

Enrico Bolzoni – JPMorgan

Ian White – Autonomous Research

Peregrine Riviere

Good morning everyone and welcome to LSEG’s H1 results presentation. I’m here with David and Anna and they’ll take you through our performance and outlook in just a moment. We’ll then be happy to take your questions. [Operator Instructions] Details are available in the results release or from the IR team. David, over to you.

David Schwimmer

Thanks Peregrine and good morning everyone. I’ll give you the brief highlights and then hand over to Anna to go through the financials in more detail before I bring to life some of the great strategic progress we are making. And of course then we’ll be happy to take your questions. We have delivered another half of strong performance as we continue to accelerate revenue growth and drive transformation across our business, with Q2 growth at 8.4% up from 7.5% in Q1. Our data and analytics division grew by more than 7.5% in the half, the fastest it has grown for many years. As the investments we’ve been making in our products and our stronger customer relationships are now really starting to bear fruit.

We made progress in capital markets despite headwinds and equities and we delivered outstanding growth in post trade as we once again demonstrated the critical role we play in helping customers manage risk in uncertain markets. We’re making very good progress on a number of key strategic

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