Update: Adding Mining Indaba
Euromoney’s (ERM’s) recent IMS outlined resilient trading against a difficult market backdrop and currency headwinds. The acquisition of the assets of Mining Indaba, announced alongside, brings in a strong and contiguous brand that ERM can leverage across its physical and technical infrastructure. The price of 7.3x historic EBITDA makes the deal earnings enhancing, although the timing of the main exhibition means the benefit will not accrue until FY15. We have made minor adjustments to our estimates to reflect the purchase, offset by the effects of further sterling strength on translation, leaving the valuation still looking attractive.Euromoney Institutional Investors is an international business information group. Co.'s segments are: Asset management, which provides independent research; runs networks and conferences; and provides news and data that are critical for the industry; Pricing, data & market Intelligence, which provides prices, data, analysis and events that are critical for business processes and workflow across a number of industries, such as metals and mining industries, telecoms, insurance, airline and banking; Banking & finance, which provides market intelligence, news, training and conferences; and Commodity events, which consists of conferences in the metals, agriculture and energy sectors.
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.
.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.