UBM produced satisfactory FY 17 results with total revenue up 16.2% on a reported basis (reflecting the Allword integration) to £1,002.9m in line with recent guidance of about £1bn. Revenues were up +4.1% underlying, driven by annual events, up 5.3% organically (guidance was for at least +5%) compared to +3.1% in FY16. Adjusted OP reached £294.2m (AV: £281m), reflecting a solid 210bp margin improvement to 29.3% and ahead of our own c.28% forecast. Diluted adjusted EPS
15 Mar 2018
A quality Events business to be swallowed by Informa
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A quality Events business to be swallowed by Informa
UBM produced satisfactory FY 17 results with total revenue up 16.2% on a reported basis (reflecting the Allword integration) to £1,002.9m in line with recent guidance of about £1bn. Revenues were up +4.1% underlying, driven by annual events, up 5.3% organically (guidance was for at least +5%) compared to +3.1% in FY16. Adjusted OP reached £294.2m (AV: £281m), reflecting a solid 210bp margin improvement to 29.3% and ahead of our own c.28% forecast. Diluted adjusted EPS