September is always a key month for Euromoney, and levels of uncertainty this year were exacerbated by the Brexit vote. Nevertheless, the pre-close trading update reassures that FY16 figures will be delivered broadly in line with market expectations, with PBT of “no less than £100m” and a closing net cash position of at least £80m. ERM’s valuation has returned to a small premium to other B2B media stocks, but remains at a discount to financial publishing groups a
30 Sep 2016
Pre-close trading update
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Pre-close trading update
- Published:
30 Sep 2016 -
Author:
Fiona Orford-Williams -
Pages:
3
September is always a key month for Euromoney, and levels of uncertainty this year were exacerbated by the Brexit vote. Nevertheless, the pre-close trading update reassures that FY16 figures will be delivered broadly in line with market expectations, with PBT of “no less than £100m” and a closing net cash position of at least £80m. ERM’s valuation has returned to a small premium to other B2B media stocks, but remains at a discount to financial publishing groups a