Euromoney Interim Management Statement

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Thursday 31 January 2008

Euromoney Institutional Investor PLC (“Euromoney”), the international publishing, events and electronic information group, today issued its Interim Management Statement for the period from October 1, 2007 to January 31, 2008. There have been no material events or transactions in the period other than the information contained in this Interim Management Statement.

Since reporting its 2007 results on November 15, 2007, trading has continued in line with the board’s expectations. Revenues for the quarter to December 31, 2007 increased by 6% to £75 million. Net debt at December 31, 2007 was £191.6 million against £204.6 million at year end, reflecting strong cash flows.

Euromoney’s strategy has been to develop a portfolio of complementary businesses built around leading international brands serving a number of global business sectors across all geographies. Over the last five years the group has focused on growing its subscription-based products, particularly in electronic publishing. In 2007, subscriptions accounted for more than a third of annual revenues, the group’s largest revenue stream, and continued to achieve strong growth rates in the first quarter of this financial year. In addition, delegate revenues from training and events, traditionally a leading indicator of a downturn, have so far proved resilient to the difficult markets. As expected, there have been some signs of slowing in advertising and sponsorship sales, particularly from the global financial institutions most affected by the problems in the credit markets. In contrast, emerging markets, which account for a significant part of the group’s revenues, remain in good health. Revenue visibility is similar to this time last year and in line with the board’s expectations.

The group remains focussed on investing to grow the business, increasing revenues from high quality subscription-based products, particularly electronic information services, reducing its dependence on advertising and maintaining a high margin. This strategy has helped the group to reduce its dependence on financial markets, leaving it more geographically diverse and better placed than ever to face the challenges of current markets.

Padraic Fallon
Chairman
January 31, 2008

Analyst and investor seminar
Euromoney is holding an investor seminar today to provide an overview of the Euromoney group with detailed presentations from the management of three of its most important and fastest growing businesses: BCA Research; ISI, the emerging markets information service; and Institutional Investor Memberships. There have been no material events or transactions in the period other than those contained in this Interim Management Statement and the presentations will not include any additional update on current trading or material new financial information.