According to DMGT:
The Group revealed a mixed performance from its B2B businesses, with underlying revenue up 3% and underlying profit down 12%. Good profit growth from dmg information and dmg events was more than offset by increased RMS(one) costs and challenging market conditions for Euromoney.
Consumer media company, dmg media, reported a strong profit performance, despite underlying revenue being down 3%. Underlying profit was up 15%, driven by cost efficiencies.
Martin Morgan, Chief Executive, said, "DMGT has delivered a resilient set of results with continued good growth in our earnings per share. The Group has continued to deliver underlying revenue growth overall, driven by our B2B companies, and within dmg media there was a good improvement in profitability."
Active portfolio management has been consistent throughout the year with the majority of acquisitions and investments made by dmg information.
Catastrophe modelling company, RMS, saw revenues increase by an underlying 1%. The core modelling business experienced continuing demand for its subscription services, with overall renewal rates remaining above 95%. This robust performance was achieved despite challenging conditions in the reinsurance industry.
Market-leading provider of B2B information, dmg information, had another good year with overall underlying revenues up 8%.
Global events organiser, dmg events, had a strong year with underlying revenues increasing by 16%. Underlying operating profit growth was 28% although the operating margin was adversely affected by the absence of the Gastech event.
dmg media saw good growth from its digital businesses which was more than offset by declining circulation and print advertising revenues from the Daily Mail and The Mail on Sunday. MailOnline's advertising revenues increased by an underlying 16% and US revenue grew by an underlying 38% to £18m. Revenue at Metro was £75m, an increase of 1% and a particularly strong performance in the context of a weak UK print advertising market. Underlying profit growth across dmg media benefited from ongoing cost-saving measures.
The £100m share buy-back programme announced in September 2014 was completed and a new rolling share buy-back programme announced. Net debt at £702m increased by £99m following £89m of share buy-back payments during the year.
