Successful Turnaround in the Americas
The Americas business has seen a significant turnaround with 4x more new business in the first half compared to last year and a 28% faster deal activation time.
Launch of GBG Go Platform
GBG successfully launched the GBG Go platform in April, with 18 new customer wins and 200 digital identity schemes integrated.
Strong Financial Management
Cash conversion remained strong at 85.8%, and the net debt-to-EBITDA ratio was below 1x at GBP 66.6 million. An additional GBP 10 million share buyback was announced.
Positive Financial Metrics
Adjusted operating profit increased by 4.6% to GBP 29.5 million, with an adjusted diluted earnings per share increase of 12.6%.
Location Segment Growth
The Location segment, representing 30% of total group revenue, grew 4.8% in constant currency terms.