Markit reports fourth quarter and full year 2015 financial results
Markit Ltd has issued an announcement to make publish its financial results under International Financial Reporting Standards (IFRS) for the fourth quarter and full year ended December 31st 2015.
Financial highlights for fourth quarter and full year 2015
- Fourth quarter revenue increased 7.4% to $291.5 million, on a constant currency basis up 9.4% comprising organic revenue growth of 1.1% and acquired revenue growth of 8.3%
- Full year revenue increased 4.5% to $1.113 billion, on a constant currency basis up 7.4% comprising organic revenue growth of 3.6% and acquired revenue growth of 3.8%
- Fourth quarter Adjusted EBITDA margin was 45.6% while Adjusted diluted earnings per share was $0.37
- Full year Adjusted EBITDA margin was 45.0% while Adjusted diluted earnings per share was $1.44
- Share repurchase programme of up to $500 million over two years was authorised by the board of directors
“Our first full year as a public company resulted in revenue growth, solid margins and value creation for shareholders through disciplined capital allocation. I am especially pleased with the solid organic growth this year in our Information and Solutions divisions and with the immediate contributions from the acquisitions we made in 2015,” said Lance Uggla, chairman and chief executive officer of Markit.
“We will continue to address the needs of our customers and invest in key growth opportunities as evidenced by the index deals with HSBC and UBS that we recently announced. As we move further into 2016, we are confident in our ability to deliver growth and long term returns for our shareholders.”
Source: Markit – Markit reports fourth quarter and full year 2015 financial results
