Euromoney’s (ERM’s) final figures were modestly ahead of expectations, with the boost from favourable currency moves limiting the drag from those parts of the group identified for disinvestment. The year-end net cash position has built to £83.8m, a result of inherently strong cash generation. This has allowed a maintained dividend, with management indicating a good pipeline of acquisition opportunities. The FY16 figures confirm the initial phase of the strategy, with FY17 se
28 Nov 2016
Horizon at FY18
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Horizon at FY18
- Published:
28 Nov 2016 -
Author:
Fiona Orford-Williams -
Pages:
6
Euromoney’s (ERM’s) final figures were modestly ahead of expectations, with the boost from favourable currency moves limiting the drag from those parts of the group identified for disinvestment. The year-end net cash position has built to £83.8m, a result of inherently strong cash generation. This has allowed a maintained dividend, with management indicating a good pipeline of acquisition opportunities. The FY16 figures confirm the initial phase of the strategy, with FY17 se