Euromoney institutional investor increases 2013 final dividend by 7%

DividendMax Ltd.

Euromoney institutional investor increases 2013 final dividend by 7%

Revenues increased by 3% to £404.7m

Subscriptions maintained at 51% of total revenues

Adjusted profit before tax up 9% to £116.5m

Adjusted operating margin maintained at 30% with continued investment in new products and technology

Project Delphi content platform set to launch in 2014

Four acquisitions completed in the year, and another post year-end

Net debt of only £9.9m at year-end reflects strong cash flows

New $160m debt facility in place

Shareholder approval to be sought for new long-term incentive plan (CAP)

Final dividend increased by 7% to 15.75p

First quarter trading has started in line with board's expectations

Commenting on the results, chairman Richard Ensor said:

"We have continued, and will continue, to invest across the business to drive organic growth and through selective acquisitions. The five businesses acquired since the beginning of last year build on our existing strengths but also take us into exciting new sectors.

First quarter trading in the new financial year is in line with the board's expectations and sentiment in financial markets remains broadly positive. This encourages us to believe that we can continue to grow our revenues and gives us confidence that our investment programme for the digital transformation of our businesses, in particular via the Delphi content management system, is the right strategy to pursue."

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