Share Prices & Company Research

Market News

17 Jul 2019 | 08:23

Euromoney reports modest uptick in revenues amid challenging backdrop for asset management division

Euromoney reported a modest uptick in revenues for the three months through June amid challenges at its asset management division.

For the three months to 30 June 2019, revenues rose to £110.9m from £107.9m a year earlier, with underlying revenues flat year on year.

Good performance in pricing, data & market intelligence and banking & finance was offset by ongoing structural and cyclical challenges within asset management, the company said. Underlying revenues in the pricing, data & market intelligence segment were up by 6% in the quarter, compared to the 3% increase that was reported for the six months to 31 March 2019. Banking & Finance segment revenues grew 1% in the quarter compared to 4% in the half year. But the asset management segment saw underlying revenues in the quarter down 9%, compared to the 3% decline reported at the half year, with 'particular weakness in subscription vote revenues and Institutional Investor,' the company said. Group underlying subscription revenues were down 1% in the quarter reflecting the decline in Asset Management. Group underlying events revenues were up 3% including a strong performance in telecoms and a return to growth in Fastmarkets events.

Group underlying advertising revenue, which made up only 7% of total revenues, continued with recent trends being down by 6% in the quarter.

At 8:23am: (LON:ERM) Euromoney Institutional Investor PLC share price was -17p at 1321p

Story provided by
Get in touch today
Join Redmayne Bentley
Talk to us now about opening a new account or transferring your account from another provider
0113 243 6941
Get in touch today
Contact your local office
Contact your local office to find out more
The value of your investments and the income from them may go down as well as up, and you could get back less than you invested.
We use cookies on this site to improve your experience and help us provide you with a better website. An explanation of the cookies we use and their purpose can be found within our Cookie Policy. Your continued use of this site means you consent to the use of cookies.