Ascential 2017 final results
Another year of good Organic revenue growth with revenue from continuing operations of £375.8m (2016: £299.6m) and reported growth of 25% (or 6.4% on a constant currency Organic basis).
Solid Organic Adjusted EBITDA growth to £119.5m (2016: £95.9m)
Reported growth of 25% (or 3.4% on a constant currency Organic basis)
Margin at 31.8% (2016: 32.0%) with planned product investment in Information Services offset by foreign exchange benefit in Exhibitions & Festivals.
Reported operating profit from continuing operations of £44.5m (2016: £32.1m): growth of 39%.
Further strong growth in earnings per share with Adjusted diluted EPS on continuing operations of 18.3p up 36% (2016: 13.5p) and Reported diluted earnings per share on total operations of 4.4p (2016: 4.3p).
Strong cash generation resulting in closing net debt leverage of 2.3x (2016: 2.1x) after continued investment in the business and M&A. Operating cash flow conversion of 101% (2016: 100%).
Recommended final dividend of 3.8p, making a total dividend of 5.6p for the year (2016: 4.7p) up 19%.