Euromoney reports small increase in Q1 revenue

International online information and events group Euromoney Institutional Investor has reported a small increase in its revenue during the period from October 1st to January 30th, according to an interim management statement issued by the company on Thursday.

International online information and events group Euromoney Institutional Investor has reported a small increase in its revenue during the period from October 1st to January 30th, according to an interim management statement issued by the company on Thursday.

The company recorded a total revenue for the period of £95.1m compared to £94.6m in the corresponding quarter in 2012.

Since reporting its 2012 results in November, the company stated that trading had continued in line with the board's expectations. Challenging trading conditions were experienced in the second half of financial year 2012 which had continued into the first quarter of financial year 2013, the report indicated.

Advertising revenue declined by 8% at constant current to £11.2m and subscriptions declined 2% at constant currency to £49m.

The decline in subscription revenues was described as being in line with the gradual decrease in growth rates experienced since the end of 2011.

The decline in advertising was described as being consistent with a trend seen in the second half of financial year 2012.

Net debt as of December 31st was described as £26.5m, representing a decrease of £4.3m since the year-end.

MF

Recommended

Broker safety – your questions answered
Investment strategy

Broker safety – your questions answered

Cris Sholto Heaton answers more of your questions about the safety of stockbroker accounts
25 Mar 2020
How demographics affects stock valuations
Investment strategy

How demographics affects stock valuations

New research suggests that stock and bond valuations are driven by the age of the population – at least in the US.
24 Feb 2020
Do you own shares in Sirius Minerals? Here’s what you need to do now
Stocks and shares

Do you own shares in Sirius Minerals? Here’s what you need to do now

Mining giant Anglo American has proposed a cash takeover of Yorkshire-based minnow Sirius Minerals. Unhappy shareholders must decide whether to accept…
20 Feb 2020

Most Popular

Why we won’t see a house-price crash in 2021
House prices

Why we won’t see a house-price crash in 2021

Lockdown sent house prices berserk as cooped up home-workers fled for bigger properties in the country. And while they won’t rise quite as much this y…
18 Jan 2021
Inflation is the easiest way out of this – just don’t expect politicians to admit it
Inflation

Inflation is the easiest way out of this – just don’t expect politicians to admit it

The UK government borrowed £34.1bn in December, a record amount for that month. Britain's debt pile now amounts to 100% of GDP. How are we going to pa…
22 Jan 2021
When will the US stockmarket bubble burst?
US stockmarkets

When will the US stockmarket bubble burst?

With US stocks more expensive than before the Wall Street crash of 1929, there are growing signs of “mania”. But what will push markets over the edge?
22 Jan 2021