UBM increases its 2017 interim dividend by 2%

DividendMax Ltd.

UBM increases its 2017 interim dividend by 2%

Group revenue up 18.0% at £448.4m (+8.3% at constant currency)

Events revenue growth of 2.7% on an adjusted underlying basis1 (H1 2016: +1.3%)

Allworld H1 performance ahead of business case and integration on track

Adjusted operating profit1 up 19.6% to £111.7m 

Increase in adjusted operating profit margin1 to 24.9% (H1 2016: 24.6%)

Adjusted earnings1 up 23.6% to £77.5m

Diluted adjusted EPS1 up 37.3% to 19.5p

Free cash flow1 of £141.9m and cash conversion1 of 160%

Long-term funding secured to replace Allworld acquisition financing

Net debt at 2.0 times LTM EBITDA

Interim dividend of 5.5p per share

Companies mentioned