9th Jan 2006 17:54
Incisive Media PLC09 January 2006 INCISIVE MEDIA PLC PRE-CLOSE TRADING STATEMENT Incisive Media plc, the specialist business publishing and information company,today issues a pre-close trading statement, prior to its preliminary resultsannouncement for the year ended 31 December 2005. Results for the 12 months ended 31st December 2005 will show considerablefurther growth year on year, with reported revenue and profit (before tax andamortisation of intangible assets) expected to be in the range of current marketexpectations. Like for like revenue growth, before acquisitions, will be around8% with reported revenue growing by approximately 20%. Operating margins arealso expected to show further improvement on last year. The underlying tax rateof the group will be higher than expected at around 29%. The second half of the year has seen like for like revenue growth in excess of10%, with growth in all divisions and particularly pleasing performances in theRisk Management and Insurance sub-divisions following the tough second quartertrading reported in the interim results. Subscriptions have remained strong andwe have seen growth in advertising revenues, but the main areas of growth havebeen events and on-line revenues, albeit the latter from a smaller base. The Company completed two acquisitions during the period. Search EngineStrategies, including the ClickZ network, was acquired in August and immediatelydelivered record growth from its flagship San Jose conference. We also sawstrong year on year growth from its Chicago based conference in December, but wedid take the opportunity, post acquisition, to launch a new Paris event andcontinue to invest in the Stockholm event. These events were well received andshow promise for the future, but were not profitable in 2005. The ClickZnetwork, a collection of portals serving the search engine and interactivemarketing communities, has performed well in the last quarter. The outstanding 80% of Global Professional Media Ltd, the publisher of LegalWeek and other titles for the legal community, was acquired in September andperformed in line with our expectations. The Group is scheduled to make its preliminary announcement in the weekcommencing 13th March 2006. Enquiries: Incisive Media plc Tim Weller Tel: 020 7484 9700 Jamie Campbell-Harris Peregrine Communications Anthony Payne Tel: 020 7978 6052 Mobile: 07930 643 983 About Incisive Media plc Incisive Media is a fast growing specialist business information provider,delivering key information to defined target audiences across a variety ofplatforms in print, in person and online, including magazines, newsletters andbooks, conferences, exhibitions and training, websites and databases. IncisiveMedia is focused on high value, growth markets, and providing targeted andintegrated marketing solutions where we bring the buyer with the sellertogether. Incisive Media's market leading brands include Risk, Investment Week,Post Magazine, Your Mortgage, Unquote, Legal Week and Search Engine Strategies. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Independent News & Media