News

UBM Live

29 Jul 2011

UBM H1 2011: Interim results announcement

Revenue growth and margins on track

Results for the half year ended 30 June 2011

- Headline revenue growth of 9.1% or 12.7% at constant currency (“CC”)
- Underlying(a) revenue growth of 6.4%
- Adjusted operating profit(b) up 10.5% to £91.9m with margin(c) of 19.4% (H1 2010: 19.2%)
- Diluted adjusted EPS(d) of 25.1p per share (H1 2010: 24.7p)
- Interim dividend of 6.3p (H1 2010: 6.0p) up 5.0%
- Adjusted EBITDA up 10.4% to £100.6m (H1 2010: £91.1m) – cash conversion ratio(e) of 119.7%
- Four acquisitions completed in H1 for maximum consideration of £21.2m
- Further print disposals of 12 titles during the period generated £14.6m of proceeds
- Today announce acquisition of Ecobuild for £31.2m cash consideration and up to £20.0m earn out

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