Ascential PLC Capital Markets Event and Trading Update (3599Q)
November 29 2016 - 2:00AM
UK Regulatory
TIDMASCL
RNS Number : 3599Q
Ascential PLC
29 November 2016
29 November 2016
Ascential plc
Capital Markets Event on Digital Information Services and
Trading Update
Ascential plc ("the Group" / LSE: ASCL.L), the international,
business-to-business media company with a focused portfolio of
market-leading events and information services products, is hosting
a capital markets event in London this afternoon.
The event will be hosted by Duncan Painter, CEO, and Mandy
Gradden, CFO, and will cover the Group's Information Services
division with a focus on the Group's largest product, WGSN, and
newest product, One Click Retail, with presentations and
demonstrations by the leaders of those product brands. No material
new information will be provided and the presentations will be
available on the Group's website from the start of the event.
Due to the proximity of this event to the year end, Ascential
today confirms that the Group is trading in line with its
expectations.
The second half has seen a good performance in Exhibitions and
Festivals driven by strong, double digit growth at the fifth
edition of Money20/20 USA. In Information Services, similar to the
first half and as expected, the good growth contributed by digital
information services such as WGSN has been offset by continued
structural print advertising headwinds in the Group's
subscription-led businesses. Print advertising now accounts for
less than 3% of the Group's revenue.
The capabilities and offering of One Click Retail which was
acquired in August 2016 as a new digital information service are
being well received by customers. Integration is proceeding well
and trading is in line with business case.
For further information,
please contact:
FTI Consulting LLP 020 3727 1000
Matt Dixon / Ed Bridges
/ Chris Lane
About Ascential
Ascential plc is a leading international media company that
informs and connects business professionals in 150 countries
through market-leading Exhibitions & Festivals and Information
Services.
Ascential exists to provide customers with world class content
and connections empowering their businesses to be the best informed
and best connected. Our products enable focus, growth and value.
Ascential powers the prestigious Cannes Lions festival for the
branded communications industry, the world's premier payments and
financial services congress Money20/20, Spring Fair/Autumn Fair,
the global fashion trend forecasting service WGSN and environmental
risk data business Groundsure. 23 of Ascential's 32 product lines
are market-leading and occupy number one positions.
This information is provided by RNS
The company news service from the London Stock Exchange
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