The business information and exhibitions specialist Ascential PLC (LON:ASCL) is trading in line with expectations this year.
The group’s Product Design division is expected to deliver organic revenue year-on-year growth of 9% in the first half of the fiscal year with ongoing strong growth in subscriptions enhanced by what Ascential termed “an excellent performance” from its specialist Mindset advisory product and a successful launch of the new WGSN Beauty product.
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The Marketing division is expected to deliver organic revenue year-on-year growth of 12% in the first half of 2019 with Cannes Lions and MediaLink both expected to produce double-digit percentage first half increases.
The Sales division’s year-on-year organic growth rate for the first half of the year is expected to be 3% while the Built Environment and Policy division was said to be trading in line with the group's expectations.
The @CannesLions CMO Growth Council gives some of the industry’s greatest minds the chance to discuss issues that they all face in their brands. So what will they be scratching their heads about this year? Watch the full interview here: https://t.co/vlbJZWjcKK #AscentialExperts pic.twitter.com/EZUpd7uu9Q
— Ascential (@Ascential_) June 13, 2019
Shares in Ascential were up 0.9% at 383.22p in early deals.