According to DMGT:
The international provider of analysis, insight, information, news and entertainment revealed a particularly good performance from its B2B businesses, with underlying revenue and profit up 8%. This sector continues to grow, now representing 75% of the Group's profits.
Consumer media company, dmg media, reported a good performance with underlying revenue in line with last year, underlying profit up 28% and an improved margin driven by cost efficiencies.
Martin Morgan, Chief Executive, said, "DMGT has again delivered a good set of results, reflecting the benefits of our balanced and diversified portfolio of businesses. This growth was generated by the strength of our B2B companies and, within dmg media, the resilience of the Mail businesses, the benefits of cost saving initiatives and effective portfolio management."
Active portfolio management continued throughout the year, with the principal acquisitions being within dmg information and Euromoney. dmg media saw the disposal of its digital recruitment business Evenbase. The successful IPO of Zoopla Property Group means DMGT now has a 32% share in this business.
dmg media showed sustained resilience, with the growth from digital revenues more than offsetting the decline in print revenues. MailOnline achieved record revenues, hitting the projected target of £60m for the year. Underlying increases across dmg media were a result of ongoing cost-saving measures and Wowcher moving towards profitability.
Market-leading provider of B2B information, dmg information, saw strong performance, with underlying growth of 12% and the acquisition of SearchFlow and Xceligent.
Global events organiser, dmg events, enjoyed very strong underlying growth of 21% and a margin of 27%, with all four of its large events being held in the year making up 53% of its total revenues.
The £100m initial share buy-back programme is now complete, with the new £100m programme, announced in September 2014, now under way. Net debt at £603m increased by £30m and earnings per share were up 12% to 55.8p.
