Financial highlights
Adjusted EBITDA up 10% to £12.9m (2012: £11.7m)
Adjusted profit before tax up 8% to £8.6m (2012: £8.0m)
Reported loss before tax of £37.4m (2012: profit £2.7m) includes a non-cash impairment charge of £39.2m (2012: £nil)
Adjusted basic EPS up 7% to 4.5p (2012: 4.2p) with a proposed full year dividend of 2.4p (up 7%)
Cash conversion remains strong at 112% (2012: 120%)
Operational highlights
Revenue mix continues to improve
o Digital contribution increased to 35%, paid-for content 28% and events 36%
o Advertising revenues reduced as planned to 35% of total revenues
Refocus around market segments driving greater focus on delivery of revenue and cost synergies
Acquisition of Econsultancy completed in July 2012 and integration accelerating
