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STRONG REBOUND IN FIRST HALF PROFITABILITY

• Underlying operating profit* increase of approximately 20% on equivalent revenue decline of 3%
• Continued growth from our B2B operations excluding events, delivering overall underlying profit* growth of 15%
• Profitability* of our UK consumer businesses more than doubled, with recovering advertising trends
• Margin* improvements from all divisions
• Net debt reduced by £31 million, due to strong cash flow management and disposals
• Dividend increased by 4%

Martin Morgan, Chief Executive, said:

"Trading in the first half of the year was ahead of our expectations. Our business-to-business companies have delivered excellent profit* growth, demonstrating strength and resilience across the portfolio. Our UK consumer businesses have achieved a sharp improvement in profitability* reflecting the actions taken to reduce costs and to eliminate loss-making activities, but also thanks to an improved advertising market. We remain focused on driving profitable organic growth across the group.

The strong half year results reflect our focus on execution as well as the benefits of DMGT's diversified international portfolio of market-leading businesses in both B2B and consumer markets. Whilst we remain cautious about the outlook, particularly in the UK, we are increasingly well positioned to weather current economic uncertainties and to take advantage of improved conditions as they materialise."