Fusion Corporate Partners

Daily Mail and General Trust plc has issued a pre-close trading update.

Ahead of the year end on 30 September 2013, the statement provides an update on the Group’s progress in the current year.

It covers the eleven month period to the end of August 2013 and includes comments on September.

Summary

• Solid Group revenue performance, up 2% underlying#
• Good revenue growth from B2B operations, up 6% underlying#
• Resilient revenue performance at dmg media, down 2% underlying#
• Active portfolio management; targeted acquisitions and non-core asset disposals
• Share buy back programme of £69 million to date
• Net debt/EBITDA ratio expected to be less than 2.0 at year end
• Full Year guidance unchanged and in line with market expectations

Click on the table for an enlarged view

The full statement can be read here.

UK, London

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