Update: Not banking on banking
Euromoney delivered underlying interim revenues consistent with March’s trading update, with continuing gentle subscription growth and better results from events (excluding timing effects) off-setting the continuing sluggish backdrop in investment banking. A cautious approach to the outlook has led to the write-back of CAP funding – effectively a variable cost on the business. Strong cash generation gives plenty of firepower for acquisitions - a key element of the growth strategy. The benefits of the Delphi digital platform investment should be more apparent in FY16, with banking market recovery a potential uplift to revised forecasts.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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