GB Group plc

GB Group PLC has trimmed its fiscal 2027 margin and revenue growth outlook, citing weaker than expected performance in its Americas Identity business. The company now expects total group revenue growth of 1 percent to 3 percent, down from a previous estimate of mid-single digit growth, and an adjusted operating profit margin of approximately 21 percent, versus a prior range of 21 to 22 percent. First-quarter revenue in Americas Identity was only marginally below plan, but growth has not improved in the second quarter due to higher than expected volume attrition on a few material customers. GB Group said its sales pipeline remains strong, but the time required to convert opportunities into recognized revenue means the attrition impact is unlikely to be mitigated within the current financial year. The company also announced that Tom Schutz, Chief Revenue Officer for the Americas, has left the business, and Chief Operating Officer James Gothard will assume interim responsibility for the Americas. GB Group shares fell about 25 percent on the London Stock Exchange.