Preliminary Full Year Financial Highlights:
DMGT underlying# revenue up 1%; reported revenue down 1%
Underlying operating profit* down 4%; margin of 16%
Adjusted profit before tax* of £281 million, down 4%
Mixed performance from B2B; underlying revenue up 3% and underlying profit down 12%, with good profit growth from dmg information and dmg events more than offset by increased RMS(one) costs and challenging market conditions for Euromoney
Strong profit performance from dmg media despite underlying revenue down 3%; underlying profit up 15%, margin up from 12% to 13%, driven by cost efficiencies
Active portfolio management throughout the year, with acquisitions and disposals across B2B and consumer businesses. Disposal of Local World stake completed in November 2015
£100 million share buy-back programme completed, £89 million in the financial year; new rolling share buy-back programme announced
Net debt increased by £99 million to £702 million; net debt/EBITDA ratio of 1.8; within preferred range; £149 million bond buy-back completed
Earnings per share* up 7% to 59.7p; full year dividend increased by 5% to 21.4p
