Euromoney on course for record profits despite tough quarter

Business publisher and exhibitions firm Euromoney Institutional Investor said trading has been in line with expectations since its last update in late July.

As flagged in July, market conditions became noticeably tougher from June, particularly in Europe. As a result, revenues for the fourth quarter are expected to be broadly in line with the same period last year, with growth in subscriptions offset by weakness in advertising and delegate revenues.

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Adjusted profit before tax is expected to be a record amount of at least £105m, up from £92.7m the year before.

More to follow ...

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