Euromoney post strong profits but warns on bank revenues
The financial data publishing company Euromoney has seen revenues rise 10% in the full year to September.
The financial data publishing company Euromoney has seen revenues rise 10% in the full year to September.
The firm, which is 66.3% owned by the Daily Mail and General Trust, also saw adjusted pre-tax profits rise by 7%.
Euromoney publishes around 70 magazine titles, provides electronic data services and holds conferences, seminars and training courses.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
This year's results have enabled it to increase the final dividend to 12p per share giving a total for the year of 18.75p (2010: 18.0p).
On the surface then, Euromoney is doing well. However, commenting on the results Chairman Padraic Fallon warned: "The environment's getting tougher and more volatile revenues like advertising have shown signs of weakness."
This is likely to be a nod in the direction of the banking sector from which Euromoney generates much of its revenues. As banks reduce their spending in response to the Euro crisis, Euromoney may well find itself finding profits harder to come by. Nevertheless, Fallon also says that, for the time being, "cash flows are very strong and the immediate outlook is fairly positive."
At 1450 shares in the group were up just over half a percent at 685p.
BS
Sign up for MoneyWeek's newsletters
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
-
Is investing in AIM still worth it after IHT clampdown?
HMRC expects to rake in £110 million a year from upcoming inheritance tax changes on AIM shares. The tax relief will be cut from April 2026, meaning you could find yourself paying 20% in inheritance tax.
By Katie Williams
-
AI in finance: how is technology changing financial advice?
There are huge opportunities for AI to improve and democratise financial services, particularly financial advice. But is the regulatory environment ready for AI to become mainstream in finance?
By Dan McEvoy