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View All Press Releases| UBM | 30 Jul 2010 |
Solid first half performance; on track for full year
Results for the Six Months Ended 30 June 2010
Key Results H1 2010 H1 2009 Change Revenue £434.3m £435.0m (0.2)% Adjusted1 operating profit £83.2m £78.3m 6.3% Adjusted EPS 24.9p 26.7p (6.7)% Dividend per share 6.0p 6.0p 0.0% Statutory operating profit £67.0m £55.2m 21.4% Statutory profit after tax £49.6m £51.3m (3.3)% Statutory EPS 18.7p 19.9p (6.0)% Statutory EPS (diluted) 18.6p 19.6p (5.1)%
Financial Highlights
- Solid first half performance - adjusted operating profit up 6.3% on revenues unchanged year on year
- EBITDA up 7.3% to £91.1m (H1 2009 - £84.9m)
- Balance sheet remains strong - debt / LTM EBITDA 1.6 times (H1 2009 - 1.3 times); cash & undrawn facilities of £395.0m (H1 2009 - £267.6m)
- Strong operating cash flow generation in H1 - £76.9m (H1 2009 - £74.5m)
- 12 businesses acquired for £43.5m (H1 2009 - 0 acquisitions) - £28.2m invested in tradeshows, £27.2m in emerging markets
- Interim dividend maintained at 6.0p
For more information, please find the full results release and acquisition announcement attached.
UBM 2010 Interims results
UBM acquires International Children-Baby-Maternity Products Expo and related businesses for up to $16.1 million









