Highlights
· Reported revenue in the six months to 31 December 2013 up 8% to £32.7m (2012: £30.4m) 2
o Deferred revenues up 16% to £17.5m (31 December 2012: £15.1m)
o Digital and events revenues account for 71% of revenue (2012: 67%)
o Paid-for content revenues up 9% to £10.6m (2012: £9.7m)
· Adjusted EBITDA up 7% to £3.1m (2012: £2.9m)
o Adjusted EBITDA margins stable during a period of significant change
· Interim dividend increased by 3% to 0.85p (2012: 0.825p)
· Successful event launches including The Meetings Show and Festival of Marketing
· Successful digital product development includes Celebrity Intelligence and Filings Expert
· Good progress on harnessing combined strengths across the Group to drive revenue generation
· Andria Vidler appointed as Chief Executive - accelerated focus on audiences and markets
