30th Mar 2007 07:03
Euromoney Institutional InvestorPLC30 March 2007 March 30, 2007 EUROMONEY INSTITUTIONAL INVESTOR PLC PRE-CLOSE PERIOD TRADING UPDATE Euromoney Institutional Investor PLC (the "Company") has today issued itspre-close period trading update ahead of the announcement of its interim resultsfor the six months to March 31, 2007. Consistent with the comments made at the time of the AGM in February, theCompany has made an encouraging start to the financial year. Trading is in linewith the Board's expectations with good revenue growth across all divisions.Forward bookings remain strong. However, as usual, the Company's full yearresults will be second half-weighted. The integration of Metal Bulletin is progressing well. Most of the cost synergyinitiatives have already been implemented and trading remains ahead of the Boardforecasts made at the time of the acquisition. During the first half the Company has also focused on streamlining its portfolioof businesses. Since its financial year end the Company has sold Raven Fox, aleading duty-free and luxury goods publishing and events business, and themagazines Batteries International, DreamWorld Cruise Destinations, AsianCeramics and Asian Glass. The interim results are due to be announced on the morning of May 17, 2007. For further information, please contact: Padraic Fallon, Chairman : +44 20 7779 8556 [email protected] Colin Jones, Finance Director: +44 20 7779 8666 [email protected] This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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