Half Year Financial Highlights:
DMGT underlying# revenue up 1%; reported revenue down 1%
Underlying operating profit down 7%; operating margin of 16%
B2B underlying revenue up 2% and underlying profit down 20%; margin impacted as expected by investment in RMS(one)
dmg media underlying revenue decline of 2%; improved profit margin driven by cost efficiencies, resulting in underlying profit up 22%
Adjusted profit before tax of £146m, down 4%; adjusted earnings per share up 7%
Active portfolio management continued; acquisitions for dmg information and dmg media, disposals of Jobsite and Lewtan completed
Net debt up £151m to £754m; net debt:EBITDA ratio of 1.9
Bond buy-back of £149 million in October 2014; £40 million premium on early redemption
Good progress with £100 million share buy-back programme; £71 million now acquired
Interim dividend increased by 5%
Outlook for the Full Year in line with previous guidance and market expectations; earnings per share anticipated to be above market expectations
