Fusion Corporate Partners

DMGT has published its 2012 Annual Report and Accounts for the year ending 30th September 2012.

Scroll down the page for the DMGT M&A report

Financial Highlights

• Revenue 2012 – £1,960 million
• Revenue 2011 – £1,985 million

• Adjusted operating profit 2012 – £300 million
• Adjusted operating profit 2011 – £281 million

• Adjusted profit before tax 2012 – £255 million
• Adjusted profit before tax 2011 – £232 million

• Statutory profit before tax 2012 – £206 million
• Statutory profit before tax 2011 – £126 million

• Adjusted earnings per share 2012 – 49.4p
• Adjusted earnings per share 2011 – 46.1p

• Dividend per share 2012 – 18p
• Dividend per share 2011 – 17p

Business Highlights

• Percentage of digital revenue 2012 – 35%
• Percentage of digital revenue 2011 – 32%

• Total number of employees 2012 – 11,600
• Total number of employees 2011 – 12,000

• Profit split by B2B and B2C 2012
  • B2B 73%
  • B2C 27%
• Profit split by B2B and B2C 2011
  • B2B 734%
  • B2C 26%

You can see the full interactive annual report here

M&A Report

For the fourth consecutive year disposal proceeds at DMGT have exceeded acquisition costs.

DMGT made a range of disposals, acquisitions and selective investments throughout the year. They announced a series of bolt-on acquisitions at dmg::information including Intelliworks,PrepMe and SpringRock. Euromoney acquired Global Grain Geneva and Global Grain Asia (a Fusion deal) and A&N Media acquired Jobrapido.

DMGT also announced the merger of online property portal, The Digital Property Group, with Zoopla.

dmg::information also made a series of investments in the US property market through Xceligent, Real Capital Analytics and BuildFax. In total, acquisitions, including a slight increase in their shareholding in Euromoney to offset dilution from incentive plans, utilised £75 million of cash.

Following the year-end DMGT made a further bolt-on investment at Hobsons with their acquisition of the US website Beat the GMAT.

DMGT also made a number of disposals.. Disposals in the early part of the year were primarily focused in Associated (Top Consultant, motors.co.uk and Teletext) whilst in the second half of the year they announced the disposal of the remaining stake in DMG Radio Australia and the sale of dmg::event’s Evanta leadership and conference business. Total disposal proceeds amounted to £125 million.

Post year-end on 21st November, 2012 DMGT announced they had reached agreement to sell Northcliffe Media, to Local World, a newly formed media group. DMGT will receive consideration of £52.5 million in cash and a 38.7% shareholding in Local World, which will allow DMGT to benefit from the potential upside from the evolution of the regional newspaper industry.

UK, London

Related articles:

• DMGT has completed its disposal of Northcliffe Media to Local World Posted on January 7, 2013
• Local World to acquire the regional publishing assets of Northcliffe and Iliffe Posted on November 21, 2012
• DMGT sells remaining interest in DMG Radio Australia Posted on September 5, 2012
• DMGT – Q3 results Posted on July 26, 2012
• Acquisition of Xceligentby DMGT Posted on April 27, 2012
• DMGT – trading update for the six-month period to the end of March 2012 Posted on April 17, 2012
• OFT clears the merger between the Digital Property Group and Zoopla Posted onApril 16, 2012
• DMGTacquires Jobrapido Posted on April 16, 2012
• FindaProperty, Primelocation and Zoopla to merge to take on Rightmove Posted onNovember 7, 2011
• DMGT sells GLM to Providence Equity Partners Posted on October 4, 2011
• DMGT trading update September 2011 Posted on September 28, 2011
• DMGT to sell GLM, the United States’ largest privately-held tradeshow management company Posted on June 10, 2011
• DMGT in “informal” talks to buy Express Newspapers Posted on April 4, 2011
• Could DMGT sell Northcliffe? Posted on November 28, 2010
• DMGT back on the acquisition trail? Posted on November 25, 2010
• Associated Northcliffe Digital acquires 50% of Globrix Posted on January 24, 2010
• Associated Northcliffe Digital buys Dothomes.co.uk and Extate.co.uk Posted on February 1, 2010
• Associated Northcliffe Digital acquires 50% of Globrix Posted on January 24, 2010
• Euromoney Institutional Investor PLC acquires Californian conference business TTI/Vanguard Posted on January 7, 2013
• Euromoney Institutional Investor Plc announces annual results Posted on November 15, 2012
• Euromoney Institutional Investor PLC – pre-close trading update Posted on September 25, 2012
• Euromoney Institutional Investor PLC – Interim Management Statement for the period from April 1 to July 24, 2012. Posted on July 26, 2012
• Euromoney Institutional Investor – trading update – half year profits of not less than £47M Posted on April 17, 2012
• A Fusion Deal: International grain trading conferences, Global Grain Geneva and Global Grain Asia, sold to Euromoney Institutional Investor Posted on February 29, 2012
• Euromoney Institutional Investor to acquire Ned Davis Research Group for £69M Posted on June 21, 2011
• Euromoney Institutional Investor PLC acquires Arete Consulting Posted on August 13, 2010
• Euromoney sells EIC to Broadfern September 2007