Trading in Line With Expectations
LONDON, May 10 /PRNewswire-FirstCall/ -- Statement to the Annual
General Meeting of United Business Media Plc
Speaking at United Business Media Plc's annual general meeting in
London today, the Chairman, Geoff Unwin, said:
"In 2007 we are continuing the strategic development of United Business
Media as a focused set of professional B2B media and service businesses
that connect buyers and sellers across complementary media - events, data,
online, print and news distribution - helping buyers and sellers to do
business, and their markets to operate effectively and efficiently.
United Business Media's trading has been in line with expectations,
with the trends we outlined in our results announcement in March continuing
to be evident. Due to the timing of our major events this year, the balance
of earnings is likely to be more weighted toward the second half of the
year than in 2006.
PR Newswire has made a good start to the year. Both of the recently
acquired businesses, US Newswire and Vintage Filings, are performing well.
PR Newswire's new products are showing good growth and the business is
planning further international expansion in South America, the Middle East
and Asia.
CMPi has made a solid start to the year, with a strong performance in
international exhibitions being offset by a mixed performance in the UK. At
CMP Technology, growth in events and online has offset the continued
decline in print titles. Recent trade shows and conferences have performed
ahead of plan. The re-organisation of the business announced in March is
under way.
The performance at CMPMedica has been mixed. Its directory and data
businesses have made a good start to the year but the Continuing Medical
Education and certain publishing businesses have fallen short of their
planned performance. The recent acquisition of Physicians Practice, LLC has
strengthened the US business's offering for primary care physicians.
CMP Asia's business is performing as planned, with further expansion
taking place in China and India. Commonwealth has achieved good growth in
its data and directories business. As part of its expansion plan,
Commonwealth has several new events planned in Asia in the second half of
the year."
Notes to Editors
About United Business Media Plc
United Business Media Plc is a leading global business media company.
We inform markets and bring the world's buyers and sellers together at
events, online, in print, and with the information they need to do business
successfully. We focus on serving professional commercial communities, from
doctors to game developers, from journalists to jewellery dealers, from
farmers to pharmacists around the world. Our 5,000 staff in more than 30
countries are organised into specialist teams that serve these communities,
helping them to do business and their markets to work effectively and
efficiently.
For more information, go to http://www.unitedbusinessmedia.com.
SOURCE United Business Media Plc
 back to top
CONTACT:
Contacts: Media, Peter Bancroft, Director of
Communications, E-mail: communications@ubmgroup.biz, Direct
telephone: +44-20-7921-5961, Chris Barrie, Citigate Dewe
Rogerson, E-mail: chris.barrie@citigatedr.co.uk, Direct
telephone, +44-20-7282-2943, Mobile: +44-796-872-72-89,
Analysts/Investors, Email: investorrelations@ubmgroup.biz. Direct
telephone +44-20-7921-5095, Nigel Wilson: +44-20-7921-5019,
Andrew Crow: +44-20-7921-5940
|
