StockMarketWire.com - Euromoney Institutional Investor reported revenues rose by 6% to £100.8m for the period from October 1 to December 31, 2017.

Underlying revenues increased by 3% driven by strong performance from the event businesses and a gradual improvement in the subscriptions growth rate. Year-on-year underlying revenue growth subscriptions and content rates grew to £65.6m, up 5% from £62.4 a year ago.

The company said the growth rate for pricing improved to 10%, against an exit rate of 8%, and is now outpacing the MiFID II-related drag from asset management subscriptions, which have continued to decline by 6%.

First quarter underlying event revenues (sponsorship and delegates combined) increased by 9%. The outlook for events in the second quarter, particularly Mining Indaba, the Group's largest event, was said to be positive.


At 9:22am: [LON:ERM] Euromoney Institutional Investor PLC share price was -20p at 1160p



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