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Euromoney Institutional Investor PLC Issues H1 2013 Guidance

Friday, 22 Mar 2013 03:00am EDT 

Euromoney Institutional Investor PLC announced that for the first half of 2013, it expects total revenues to show a headline decrease of approximately 1% on 2012. Subscriptions, which account for approximately half the group's revenues, are expected to be in line with the level achieved in 2012, while non-subscription revenues are expected to have decreased due to timing differences on events. Exchange rate movements have not had a significant impact on headline revenues. The group expects adjusted profit before tax of not less than GBP51 million, for the first half of 2013. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of GBP139 million and pre-tax profit of GBP54 million for the first half of 2013.