Euromoney Ins.InvPLC - AGM Trading Update
AGM Trading Update
Euromoney, the global B2B information services provider of essential information to global and specialist markets, today announces a trading update for the period from
Trading continues to be in line with the Board's expectations. Underlying revenue1 is flat year-on-year, reflecting a continuation of recent trends, with growth in the Pricing and Data & Market Intelligence segments offset by ongoing challenges in Asset Management. In the Pricing segment underlying revenue grew 3% supported by a 9% increase in subscriptions offset by some softness in events. Within the Data & Market Intelligence segment, underlying revenue also grew by 3%. In Asset Management underlying revenue declined 6%, impacted by the previously disclosed weakness in subscriptions, which declined 9%.
The full year outlook is unchanged.
Strong financial position
Net cash at
Euromoney has previously announced that it is conducting a strategic review of Asset Management, which is made up of Institutional Investor,
Financial & Professional Services teach-in
The interim results for the six month period to
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NOTE TO EDITORS
Euromoney is a global information business providing essential B2B information to global and specialist markets. Euromoney provides discovery, market intelligence and events across our segments. Euromoney is listed on the
1. Underlying numbers restate prior period revenues using current period exchange rates, include pro-forma comparatives for acquisitions and new business launches, exclude disposals, business closures and significant event and publication timing differences.
This information is provided by RNS, the news service of the
Quick facts: Euromoney Institutional Investor
Market Cap: £895.08 m
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