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DMGT pre-close trading update

DMGT has reported underlying revenue in line with last year for the five months to the end of February 2015. Its B2B businesses reported strong underlying revenue growth of 4% during the period.

In February, Hobsons, dmg information’s education business, acquired Starfish Retention Solutions, the US based provider of higher education student support and advising systems.

In its trading update released yesterday, DMGT, which reports it half-year results on 21 May, said the outlook for the year remains unchanged.

Performance highlights

Reported revenues at Risk Management Solutions increased 3%. The core business’s revenues were in line with last year on an underlying basis but overall underlying revenues decreased by 2% due to the expected lower RMS(one) consultancy revenues.

Revenues at dmg information grew by an underlying 5%.  Its energy business Genscape continued to deliver double digit underlying growth. The property information portfolio and the education business, Hobsons, delivered single digit underlying growth.  The full year outlook for dmg information remains around 10%.

International exhibitions business dmg events delivered strong underlying revenue growth of 14%.

Euromoney Institutional Investor released a trading update earlier today, commenting on the expected performance for the six months to March 2015.

Consumer media business dmg media reported an underlying revenue decline of 2%. Circulation revenues were down 4% due to declining volumes, although both Mail Newspaper titles continued to gain market share with the Daily Mail achieving a record 23.2% in February. Total underlying advertising revenues increased by 1%.

The full trading update, including details of the share buy back programme, is available here.

A recording of the trading update presentation is now available to download

By | 2015-03-27T12:45:51+00:00 March 27th, 2015|News|Comments Off on DMGT pre-close trading update