The Group’s performance during the third quarter was in line with expectations, and the outlook for the Full Year remains unchanged, reports DMGT.
Paul Zwillenberg, CEO, DMGT said: “Our consumer media business continues to demonstrate the power of strong brands, with underlying revenue growth of 28% at MailOnline, continuing growth of market share for the Mail Newspapers titles and Metro becoming the largest weekday newspaper in the UK.
MailOnline’s strong revenue performance reflects its continued audience growth with average daily unique browsers now at 15.3 million globally, 6% more than last year.
The resulting £6m rise in revenues more than offset the expected advertising decline in print and overall our media business revenues rose by an underlying 1%.”
DMGT continues to benefit from being a diversified portfolio operating in multiple sectors across B2B and consumer markets. The Group’s focus remains on improving operational execution, completing its strategic portfolio review and enhancing financial flexibility during this period of transition, says the company.
Performance by business, as reported by DMGT:
Risk Management Solutions (RMS): revenues declined by an underlying 4% in the quarter, reflecting the phasing of renewals, particularly in the prior year. The roll-out of the Risk Modeler application on the RMS(one) platform continues and the response from clients remains encouraging.
dmg information: revenues declined by an underlying 2% in the quarter. Challenging market conditions continue to affect the European property information companies, Genscape’s solar operations and Hobsons’ Admissions business whilst trading across the rest of the portfolio remains encouraging.
dmg events: revenues grew by an underlying 3% in the quarter. The Gastech event, which occurred in Tokyo in April, delivered a good level of growth.
dmg media: revenues grew by an underlying 1% in the quarter. Total advertising revenues across dmg media grew by an underlying 5% in the quarter, with 27% underlying growth in digital advertising, partially offset by an underlying 5% decline in print advertising.
