Update: Challenging conditions continue
Euromoney’s (ERM) Q3 update indicates that conditions have not eased for its investment banking clients, as was assumed in our prior numbers. With the weakened energy pricing environment, the group’s smaller events and training business in that sector are now being affected. We have pulled back our numbers for FY15 and are more cautious on the speed of progress in FY16 and FY17. Group business exposed to the asset management sector continues to perform well. ERM’s strong cash flow and balance sheet, and its repositioning to take full advantage of digital and investment opportunities, clearly justify the rating.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.
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