Euromoney Institutional InvestorPLC
30 March 2007
March 30, 2007
EUROMONEY INSTITUTIONAL INVESTOR PLC
PRE-CLOSE PERIOD TRADING UPDATE
Euromoney Institutional Investor PLC (the 'Company') has today issued its
pre-close period trading update ahead of the announcement of its interim results
for the six months to March 31, 2007.
Consistent with the comments made at the time of the AGM in February, the
Company has made an encouraging start to the financial year. Trading is in line
with the Board's expectations with good revenue growth across all divisions.
Forward bookings remain strong. However, as usual, the Company's full year
results will be second half-weighted.
The integration of Metal Bulletin is progressing well. Most of the cost synergy
initiatives have already been implemented and trading remains ahead of the Board
forecasts made at the time of the acquisition.
During the first half the Company has also focused on streamlining its portfolio
of businesses. Since its financial year end the Company has sold Raven Fox, a
leading duty-free and luxury goods publishing and events business, and the
magazines Batteries International, DreamWorld Cruise Destinations, Asian
Ceramics 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
Colin Jones, Finance Director: +44 20 7779 8666
This information is provided by RNS
The company news service from the London Stock Exchange