StockMarketWire.com - Information company Ascential said Tuesday full-year revenue was expected above consensus driven by recent 'high growth' acquisitions.

Total revenue for the year ended 31 December, was expected to be in the range of £345m to £349m compared to consensus of £344, the company said.

While adjusted earnings (EBITDA) was expected to be in the range of £101m to £103m compared to consensus of £103m.

'On a proforma basis, we expect to deliver organic constant currency growth of between 9% and 10% for 2018, setting us up well to meet our medium-term target of double digit growth, setting us up well to meet our medium-term target of double digit growth,' the company said.

Following the completion of its two editions in the second half, Money20/20 was expected to grow by 37% for the full year with the US edition delivering revenues of £29.4m, up from £28.2m last year. The launch edition of China was expected to deliver revenues of approximately £2.5m, the company added.


At 8:46am: [LON:ASCL] Ascential Plc share price was -4.1p at 377.9p



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