Preliminary Q4 2022 TP ICAP Group PLC Earnings Call Transcript
So good morning, everyone, and thank you for joining us today, both in person and online. Our agenda for the morning is as follows: Robin will take you through our financial performance. The CEOs of business divisions. Dan Fields, Andrew Polydor, Mark Govoni and Eric Sinclair will report on their business. Then I will wrap up before we open up for questions.
But first, the headlines. We delivered a strong performance in '22. Macro events drove inflation to the highest rate indicates. As a result, Central Banks increased interest rates to levels last seen before the financial crisis. Against this backdrop, revenue grew 7% in constant currency and 13% on a reported basis.
Global Broking in particular, benefited from market volatility with high single-digit growth in constant currency across all asset classes. Productivity continued to improve. Revenue per broker was up 14%, and contribution per broker grew 20% before the impact of charges taken as a result of Russian sanctions.
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