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Trading statements

Euromoney in line with expectations

26 January 2017 09:09

Euromoney Institutional Investor said trading since it reported its 2016 full-year results on 24 November has been largely in line with the board's expectations and the challenging market conditions and political uncertainty had continued into the first quarter of the new financial year.

Reported revenues for the three months to 31 December increased by 6%, largely as a result of a favourable sterling-US dollar rate.

Underlying revenues, which exclude the impact of currency movements and acquisitions and disposals, fell by 5%, mostly due to the impact of the group's decision in the second half of last year to restructure some of its event and training activities.

Euromoney also announced that David Pritchard has been appointed by the board as the company's senior independent director.

He joined the board as an independent non-executive director in 2008 and is chairman of the audit committee and also a member of the company's remuneration and risk committees.

At 9:09am: (LON:ERM) Euromoney Institutional Investor PLC share price was -3p at 1122p

Story provided by StockMarketWire.com

Related Company: ERM

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