UBM reported H1 17 revenue of £448.4m, up by 18% or +8.3% at CER. Organic growth reached +1.9%, of which +2.7% for Events and -2.1% for Online and Marketing Services 5OMS). The consolidated adjusted OP rose by 19.6% to £111.7m, i.e. a margin improving by 30 bps to 24.9% from 24.6% (note that the medium term goal is for 30% i.e. 280bps above the FY16 level). Adjusted earnings were 23.6% higher at £77.5m, with diluted adjusted EPS rising by 37.3% to 19.5p (+27.5% at CER). FCF
10 Aug 2017
Final year of the three-year plan
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Final year of the three-year plan
UBM reported H1 17 revenue of £448.4m, up by 18% or +8.3% at CER. Organic growth reached +1.9%, of which +2.7% for Events and -2.1% for Online and Marketing Services 5OMS). The consolidated adjusted OP rose by 19.6% to £111.7m, i.e. a margin improving by 30 bps to 24.9% from 24.6% (note that the medium term goal is for 30% i.e. 280bps above the FY16 level). Adjusted earnings were 23.6% higher at £77.5m, with diluted adjusted EPS rising by 37.3% to 19.5p (+27.5% at CER). FCF