Progressive Digital Media Group – preliminary results for 2013

February 24, 2014 — Fusion DigiNet

progressiveProgressive Digital Media Group Plc has issued its preliminary results for the year ended 31 December 2013

Highlights

  • Group revenue increased by 6.3% to £57.3m (2012: £53.9m)
  • Business Intelligence revenue increased by 12.1% to £33.8m (2012: £30.1m)
  • Adjusted EBITDA(1) increased by 26.0% to £11.5m (2012: £9.1m)
  • Adjusted EBITDA margin(1) increased to 20.0% (2012: 16.9%)
  • Reported EBITDA(2) increased by 31.1% to £9.7m (2012: £7.4m)
  • Reported profit before tax of £7.1m (2012: £4.3m) inclusive of £0.6m restructuring costs and £1.1m share based
  • payments charge
  • Deferred Revenue increased by 17.9% to £14.3m (2012: £12.1m)
  • Net cash(3) of £8.3m (2012: £6.2m)
  • Acquisition Pyramid Research from UBM 

Simon Pyper, Chief Executive of Progressive Digital Media Group Plc, commented:

“We continue to make good progress towards achieving our strategic objective of building a scalable, premium business information company. This past year we have recorded strong revenue growth, increased revenues from our Business Intelligence products and continued to invest in our content and delivery platforms. We have also completed the integration of Kable and agreed to acquire Pyramid Research; two acquisitions which complement our business model in the Technology market. I believe we have set ourselves the right objectives, are following the correct strategy and have in place the foundations for further growth.”

UK, London

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