A solid H1 and encouraging outlook in events that will allay concerns about trading conditions in EM and particularly China should help the shares bounce. The company is maintaining its full year outlook. Advanstar cost savings are being delivered faster than expected and its underlying growth rate is encouraging. Events margin now expected to improve YoY. The shares have recently marginally drifted into Buy territory and we would expect a positive response today from the reassurance provided.
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Interims – On track
A solid H1 and encouraging outlook in events that will allay concerns about trading conditions in EM and particularly China should help the shares bounce. The company is maintaining its full year outlook. Advanstar cost savings are being delivered faster than expected and its underlying growth rate is encouraging. Events margin now expected to improve YoY. The shares have recently marginally drifted into Buy territory and we would expect a positive response today from the reassurance provided.