UBM news releases

UBM plc results for the year ended 31 December 2012

Mar 1, 2013

1 March 2013

 

Strategic milestone – focused for growth

Results for the year ended 31 December 2012

 

-            Agreed disposal of Data Services businesses (“Delta”)

-            Revenues from continuing operations rose 2.0% to £797.8m – organic revenue growth of 6.0%

-            Events organic revenue growth of 11.9% with operating profit up to £142.4m

-            Emerging Markets revenues up 18.1% to £204.7m with operating profit of £61.7m

-            Adjusted operating profit from continuing operations up 1.6% to £177.0m

-            Fully diluted adjusted EPS for continuing operations up 3.3% to 49.8p – including Delta: 59.1p

-            £60.6m invested in acquiring eight events businesses and the remaining Canada Newswire stake

-            Recommending final dividend of 20.0p (2011: 20.0p) to bring total dividend to 26.7p, up 1.5%

 

David Levin, UBM’s Chief Executive Officer, commented:

 

“2012 has been another good year for UBM both operationally and strategically.  We grew overall revenues and profits, with robust underlying revenue growth in our key Events and PR Newswire businesses.  Events now account for three quarters of the Group’s continuing operating profit.  We have continued to focus on large tradeshows; in 2012, 100 annual events generated revenues of more than £1m – accounting for 85% of annual event revenues.”

 

“The sale of the Delta businesses is a significant strategic step which simplifies UBM’s business, improves the quality of our earnings, enhances underlying growth rates and removes the challenge of transitioning the Delta businesses to the digital environment.  We can now focus on further developing UBM as a fast-growing and increasingly profitable events-led marketing services and communications business.”

 

To see an interview with David Levin, CEO, UBM plc & Robert Gray, CFO go to http://www.multivu.com/mnr/58704-ubm

Financial summary

    2012

       £m

   2011

      £m

Change

%

Change at CC %

Underlying Change %

Revenue (Continuing)

797.8

782.3

2.0

2.1

6.0

Adjusted operating profit (Continuing)

177.0

174.2

1.6

-

-

Adjusted operating profit margin (Continuing)

22.2%

22.3%

-0.1%pt

-

-

EBITDA

189.7

186.0

2.0

-

-

Adjusted PBT (Continuing)

151.8

149.7

1.4

-

-

Diluted adjusted EPS (pence) (Continuing)

49.8p

48.2p

3.3

-

-

Diluted adjusted EPS (pence) (Total)

59.1p

56.8p

4.0

-

-

Dividend per share (pence)

26.7p

26.3p

1.5

-

-

Cash generated from operations

189.8

203.7

-6.8

-

-

 

IFRS Statutory results

2012

£m

2011

£m

Change

%

Revenue from Continuing operations

797.8

782.3

2.0

Operating profit from Continuing operations

149.3

138.6

7.7

Profit after tax from Continuing operations

121.2

72.3

67.6

Profit/(loss) on Discontinued operations

(163.1)

13.8

-

EPS (pence) of Continuing operations

45.3

25.4

78.3

Weighted av. no. of shares (millions)

244.4

243.5

-

Net debt

553.4

525.3

-

Following the strategic review of the Data Services businesses (“Delta”) the Financial Statements have been restated to reflect Delta as a discontinued operation. The continuing operations exclude the results of the Delta businesses.


For the full release, please download the pdf below

UBM plc FY2012 results
(507 KB)