Euromoney’s (ERM) Q1 update shows trading conditions remaining challenging, with the poor start to the year in equity markets added to the mix. Subscription revenues are still growing (up 2% at constant currency), but the continuing depressed oil price is showing through in lower delegate revenues. Currency has clearly swung in the group’s favour and the cash performance remains strong. The capital markets day, when new CEO Andrew Rashbass will present the strategy update, is now
29 Jan 2016
Headwinds still blowing
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Headwinds still blowing
- Published:
29 Jan 2016 -
Author:
Fiona Orford-Williams -
Pages:
3
Euromoney’s (ERM) Q1 update shows trading conditions remaining challenging, with the poor start to the year in equity markets added to the mix. Subscription revenues are still growing (up 2% at constant currency), but the continuing depressed oil price is showing through in lower delegate revenues. Currency has clearly swung in the group’s favour and the cash performance remains strong. The capital markets day, when new CEO Andrew Rashbass will present the strategy update, is now