Proactive Investors - Run By Investors For Investors

Euromoney's profit rise, re-jigs research arm

Group sales rose by 3% £387mln as data and events made up for the asset management shortfall
Stock markets
Research revenues dropped over the past year

Euromoney Institutional Investor PLC (LON:ERM) has restructured its investment research business after a tough year for the division.

Sales in asset management, the largest of the financial information group’s divisions, dropped 4% to £151mln.

READ: Euromoney acquires Extel survey business from WeConvene for an undisclosed sum

A review of this business has taken out £7mln of costs out said Euromoney, while Institutional Investor is now largely a subscription, events and research operation.

Group sales rose by 3% £387mln as data and events made up for the asset shortfall, though Euromoney said generating the same revenue from events this year will be a challenge.

Underlying profits rose 3% to £109.2mln, though pre-tax profits were bolstered by the sale of Global Market Intelligence in April for £91mln and the absence of one-offs,

The dividend for the year rises 6% to 32.5p though the final payment was only increased by 2%.

Shares rose 2% to 1,248p.

View full ERM profile View Profile

Euromoney Institutional Investor Timeline

Related Articles

July 03 2019
At the Completion Contract business there have been lower volumes and the average budget per film has reduced
Augmented Reality on phone
March 21 2019
The firm currently has around nine companies in its portfolio that are either direct investments or through its sub-fund, Suir Valley Ventures, in which it holds a 22% stake
May 22 2019
Here we take a closer look at Bloomsbury Publishing PLC (LON:BMY)

© Proactive Investors 2019

Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use