In its interim management statement released on Wednesday, DMGT reported strong underlying growth of 10% from its B2B businesses and solid underlying growth of 2% from its consumer media company, dmg media.
The acquisitions of Decision Insight Information Group (DIIG) by dmg information and Infrastructure Journal by Euromoney Institutional Investor further bolstered DMGT's overall performance in the three months to 31 December 2013.
The outlook for the remainder of the year remains unchanged, DMGT said.
Performance Highlights
Underlying revenues at Risk Management Solutions grew 7% to £44 million. Its core catastrophe risk modelling business performed well while work on RMS(one) continued.
Revenues at dmg information grew strongly to £90 million. Its education, energy and property businesses all delivered double-digital growth on an underlying basis.
International exhibitions business dmg events delivered strong underlying growth, up 32%, despite a fall in reported revenues due to the absence of Gastech which last took place in October 2012 and is due to take place in March.
Consumer media company dmg media enjoyed a solid performance during the quarter with underlying revenue growth of 2% to £201 million.
Euromoney Institutional Investor, in which DMGT owns a 68% stake, increased revenue to £98 million. The international business-to-business media group reported its interim management statement on Thursday 30 January.
The full interim management statement, including details of an increase in net debt and the repurchase of bonds, is available on DMGT.com.
