Satisfying the need to know
Annual Report 2016
As Chairman of the Board, I am pleased to report that DMGT has once again demonstrated the quality and depth of a business portfolio that spans world-class journalism, both print and digital content, specialist information and B2B operations.
DMGT’s results reflect the ongoing resilience of the portfolio through varying market conditions. Revenues were supported by good organic growth in many of our B2B and consumer digital operations. This was balanced by challenging market conditions for print advertising, property information, energy and financial sectors.
Underlying revenue growth
2015: +1%
Underlying operating profit growth*
2015: -4%
Adjusted operating margin*
2015: 16%
Adjusted PBT*
Adjusted EPS*
2015: +7%
Dividend
2015: 21.4p
Dividend increase*
2015: +5%
Net debt/ EBITDA ratio*
2015: 1.8x
Statutory revenue growth*
2015: -1%
Statutory PBT growth*
2015: -19%
The Financial Review details DMGT’s performance in the year, which saw stable underlying revenues and a resilient profit performance. Underlying operating profit declined as a result of challenging trading conditions in some of our markets, and disposals adversely impacted adjusted profit before tax and earnings per share. Overall performance was in line with our expectations.
RMS is focused on execution and investment for organic growth, in both its core modelling business and in the development of RMS(one), a new risk modelling platform for the insurance industry.
* These are adjusted results; see page 35 and 36 of the full PDF for more detailed tables and explanations.
Each of dmg information’s companies has a strong position in its market niche, operating in attractive, long-cycle sectors with good growth prospects.
dmg events’ emerging markets experience and entrepreneurial culture continued to drive organic growth and create opportunities in new geographies.
Euromoney’s revised strategy is to actively manage a portfolio focused on harnessing growth in sectors where information, data and convening market participants are valued.
dmg media has continued to focus on delivering highly valued content to a scaled audience on a global basis.
ANNUAL REPORT 2016
FULL REPORT
PDF'S AVAILABLE