Ascential - Clarity and focus on key platforms
Ascential is now emerging in its post-transaction form, with a clear focus on its events-led businesses in marketing and financial technology. FY23 financial performance came in ahead of market expectations, despite some headwinds in the fintech market, with a particularly good improvement in adjusted EBITDA margin in the marketing segment from 40.4% to 42.6%, delivered on 22% organic revenue growth. Corporate transactions have raised £1.2bn (with more to be generated through the sale of Hudson MX, currently progressing). £850m is being returned to shareholders via the combination of a tender offer, special dividend and an on-market buyback.Ascential is an international business to business media company with a focused portfolio of events and information services products. Co.'s brands are organized under two divisions: Exhibitions and Festivals, which organizes exhibitions, congresses and festivals where customers come together to form business relationships and transact with key brands that include Cannes Lions, Spring and Autumn Fair and Money20/20; and Information Services, which provides business intelligence, and forecasting via digital subscription products with key brands that include WGSN and Groundsure.
Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.
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