George Frangeskides, Exec-Chair at Alba Mineral Resources, discusses grades at the Clogau Gold Mine. Watch the full video here.

Less Ads, More Data, More Tools Register for FREE
Stefan Bernstein explains how the EU/Greenland critical raw materials partnership benefits GreenRoc
Stefan Bernstein explains how the EU/Greenland critical raw materials partnership benefits GreenRocView Video
Utilico Insights - Jacqueline Broers assesses why Vietnam could be the darling of Asia for investors
Utilico Insights - Jacqueline Broers assesses why Vietnam could be the darling of Asia for investorsView Video

Latest Share Chat

Euromoney sees "encouraging" first half as events bounce back

Thu, 31st Mar 2022 08:13

(Alliance News) - Euromoney Institutional Investor PLC on Thursday said it remains well-placed for its full-year results after strong revenue growth in the second quarter.

The London-based business information publisher and event organiser added that it continues to monitor the conflict in Ukraine and has a small number of employees there. Euromoney has suspended business with those incorporated or resident in Russia or Belarus.

Combined revenue from Russia and Ukraine in the 2021 financial year was just GBP1 million, or 0.3%, of the group total.

Turning to its performance in the second quarter to the end of March, Euromoney said strong revenue growth was driven by continued momentum in subscriptions and a continuing recovery in events.

Events have seen a "consistent improvement" in booking trends since the start of 2022, with a number of large events in the second quarter achieving revenue above pre-pandemic levels.

"Following an encouraging first half performance the group remains well placed to deliver full year results in line with the board's expectations, before taking account of the benefits from property savings," the company said.

Due to flexible working across the group, it has reviewed real estate requirements and found "significant opportunities" to reduce office costs. It will update on the outcome of this at its half-year results in May.

Shares in Euromoney were up 1.7% at 982.21 pence in London early Thursday.

By Lucy Heming; lucyheming@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

Related Shares

More News
21 Nov 2022 14:09

IN BRIEF: Euromoney's potential buyers enter senior facilities deal

Euromoney Institutional Investor PLC - London-based business information and events - Astorg Asset Management SARL, which together with Epiris GP Ltd ...

15 Nov 2022 15:40

UK earnings, trading statements calendar - next 7 days

14 Nov 2022 21:35

TRADING UPDATES: Rogue Baron names chair; Mobile Streams wins contract

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

11 Nov 2022 11:57

Euromoney takeover by Astorg and Epiris receives watchdog approval

(Alliance News) - Euromoney Institutional Investor PLC on Friday said all the regulatory and antitrust conditions relating to its proposed takeover by...

11 Oct 2022 14:42

TRADING UPDATES: Iomart's annual profit to be at lower end of guidance

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.