David Levin, Chief Executive Officer, UBM said: “Our performance in Q3 continued the positive momentum we have seen develop through the year. Large events, notably our shows in China, have performed well, and we continue to expect good growth in Q4 boosted by strong biennial revenues. We have seen softer conditions in certain markets, mainly in Brazil and India, and have slightly reduced the number of new launch events originally scheduled for Q4. Activity at PR Newswire has picked up in September and October after a slower summer period. We continue to make good progress in restructuring Marketing Services.
As a result, we now expect full year underlying revenue growth to be at or slightly below the bottom of our guidance range of 3%-5%, but our adjusted full year operating margin to be at the upper end of the 22-23% range. We expect fully diluted adjusted EPS from continuing operations to be approximately 53-54p.”
