26th Jun 2006 07:00
United Business Media pre-close trading update* for first half 2006Trading in line with expectationsRevenues and profits are in line with the trends indicated at the time of theAnnual General Meeting in May. PR Newswire and events are performing well. Online revenues are growingstrongly whilst there are continuing challenges in print. We have increasedour expenditure on the international expansion of our brands and on new productdevelopment in events, online and data products.Acquisitions are performing in line with, or ahead of, our 8% post tax cost ofcapital. In the year to date we have repurchased 9.56m shares for an average price of672 pence per share, and will complete the repurchase of our remainingConvertible Bond on 28 June 2006. Following these transactions, UBM has 284.0mordinary shares in issue. - Ends - *UBM will announce its Interim results for the period ending 30 June 2006 on 25July 2006. This announcement is the routine update prior to entering theclose period associated with the interim resultsContactsMedia Peter Bancroft Director of Communications E-mail [email protected] Direct telephone +44 20 7921 5961 Chris Barrie Citigate Dewe Rogerson E-mail [email protected] Direct telephone +44 20 7282 2943 Mobile +44 796 872 72 89 Analysts Catherine Southgate Head of Investor Relations Email [email protected] telephone +44 20 7921 5031 Notes to Editors1. Interim results announcementUBM will announce its Interim results for the period ending 30 June 2006 on 25July 2006. 2. About United Business Media plcUnited Business Media is one of the world's leading global business informationcompanies. UBM brings together the world's buyers and sellers, helping theirmarkets work effectively and efficiently through PR Newswire's newsdistribution network and CMP's portfolio of events, print and on-linepublications. For more information, go to www.unitedbusinessmedia.comAbout PR Newswire - PR Newswire is the world's leading corporate newsdistribution service. Headquartered in New York, PR Newswire distributes newsglobally on behalf of over 40,000 customers, including many of the world's topcompanies and agencies, helping them take the latest news to the media, theinvestment community, and the general public. For more information, go to www.prnewswire.comAbout CMP - CMP's portfolio of more than 200 newspapers, magazines anddirectories, 200 websites and 300 events brings together buyers and sellersfrom a range of global sectors including technology, healthcare, the builtenvironment, lifestyle, fashion and ingredients.CMP operates globally through four divisions:CMP Technology - CMP Technology is the USA's leading high tech B2B mediacompany, providing marketing solutions for the global technology industry.Through its market-leading portfolio of trusted information brands, CMPTechnology has earned the confidence of more technology professionals than anyother media company. As a result, CMP Technology is the premier provider ofaccess, insight and actionable programs designed to connect sellers and buyersin ways that yield superior return on investment. For more information, go to www.cmp.comCMPMedica: CMPMedica provides information and education to healthcareprofessionals and patients around the world. It has a unique portfolio ofprofessional media products including newspapers, magazines, drug directories,electronic databases, websites and events. For more information, go to www.cmpmedica.com CMP Information: Operating in the UK and internationally, CMPi providesprofessional media solutions to around 20 industry sectors. Its productsinclude magazines, exhibitions, conferences, awards programs, informationproducts and websites, targeted at business professionals across a range ofmarkets such as the built environment, travel, licensed trade, agriculture,security and ingredients. For more information, go to www.cmpi.bizCMP Asia: Headquartered in Hong Kong with offices throughout the region, CMPAsia is a leader in exhibitions and online and print business informationpublications for Asian markets. Working with partners from around the world,CMP Asia stages a range of leading events which includes the largestinternational jewellery, leather and fashion, beauty and furniture trade showsin Asia, as well as the definitive health show for the Japan market. For moreinformation, go to www.cmpasia.com DisclaimerThis press release includes statements which are not historical facts and areconsidered "forward-looking" within the meaning of Section 27 of the SecuritiesAct of 1933, as amended. These forward-looking statements reflect UBM'scurrent views about future events, business and growth strategy and financialperformance. These forward-looking statements are identified by their use ofterms and phrases such as "believe," "expect," "plan," "anticipate," "ontarget" and similar expressions identifying forward-looking statements.Investors should not rely on forward-looking statements because they aresubject to a variety of risks, uncertainties and other factors that could causeactual results to differ materially from UBM's expectations. UBM expresslydoes not undertake any duty to update forward-looking statements. Managementdoes not attempt to update forecasts unless conditions materially change.ENDUNITED BUSINESS MEDIA PLCRelated Shares:
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