GBG cuts revenue guidance on weaker Americas trade

(Sharecast News) - Identity verification tech provider GBG on Friday lowered revenue guidance after second‑quarter trading in its Americas Identity unit weakened, with higher‑than‑expected volume attrition at several key customers holding back growth.

The company now expects FY27 revenue‑growth guidance of 1-3%, down from mid‑single‑digit expectations and warned that, given normal sales‑cycle timing, the shortfall is unlikely to be recovered within the current financial year.

GBG said Americas chief revenue officer Tom Schutz would be leaving the business with chief operating officer James Gothard taking on interim responsibility for the unit.

Reporting by Frank Prenesti for Sharecast.com