Bonhill Group PLC Pre-close trading update (4454N)
January 18 2019 - 2:00AM
UK Regulatory
TIDMBONH
RNS Number : 4454N
Bonhill Group PLC
18 January 2019
18 January 2019
Bonhill Group plc
("Bonhill", the "Company" or the "Group")
Pre-close trading update
Bonhill Group plc (AIM: BONH), a leading B2B media business
specialising in three key areas: Business Information, Live Events
and Data & Insight, today announces a trading update for the 9
months ended 31 December 2018.
The Board expects the Company's results for the 9 months ended
31 December 2018 to be ahead of market expectations with Investment
News and the UK events business performing well and throughout the
period the Company has taken the opportunity to continue to invest
in recruiting high quality members of staff to support our future
organic growth plans.
InvestmentNews is expected to deliver record revenue of
approximately $19.1 million for the calendar year 2018, which is 14
per cent. ahead of the preceding year. All of its business units
(print, digital and events) increased their revenues and the
business had a strong finish to the year with revenues in the final
quarter up 10 per cent. on the prior year period. InvestmentNews is
expected to have generated approximately GBP6.0 million of revenue
for the Group in the four and a half months since it was acquired
on 17 August 2018.
We have continued to successfully develop our 'Women in..'
series with three new events launched in the final quarter of 2018;
"Women in IT" in Ireland and San Francisco, and "Women in Finance"
in Ireland. The UK based Events business generated total sales of
approximately GBP0.5 million from these new events and has in total
doubled sales against the same 9 months last year. Sales for the
Group's flagship event, Women in IT London, which is due to be held
on 30 January 2019, are 35 per cent. ahead of those for last year's
event and we are excited about the potential for this global
franchise.
UK media sales saw improved momentum in the final quarter with
sales expected to be consistent with those in the corresponding
period in the previous year and the recent restructuring of this
part of the business gives us greater confidence in its potential
going forward.
Simon Stilwell, Chief Executive of Bonhill, commented:
"I am delighted with how well InvestmentNews has been integrated
into the Group and it is performing well. There are clear major
opportunities to develop the brand further which we will do in the
years ahead. We are continuing to invest across the business,
particularly in high calibre team members to drive the business
ahead and look forward to another year of growth and development
with confidence."
For further enquiries please contact:
Bonhill Group plc +44 (0)20 7250 7035
Simon Stilwell, Chief Executive
David Brown, Group Finance Director
Stockdale Securities Limited (Nominated Adviser
and Joint Broker) +44 (0)20 7601 6100
Tom Griffiths
David Coaten
Canaccord Genuity Limited (Joint Broker)
Bobbie Hilliam
Ben Griffiths
Georgina McCooke +44 (0)20 7523 8000
Belvedere Communications (Financial PR) +44 (0)20 3687 2757
John West
Kim van Beeck
About Bonhill Group plc
Bonhill Group plc is an AIM-quoted leading B2B media business
specialising in three key areas: Business Information, Live Events
and Data & Insight in three key sectors: Technology, Financial
Services and Diversity. Bonhill's ambition is to create content
that informs, communities that engage and brands that inspire in
order to enable a better business environment for our sponsors and
clients.
Flagship titles include: InvestmentNews, SmallBusiness.co.uk,
Growth Company Investor, Information Age, GrowthBusiness.co.uk and
What Investment. Bonhill is also responsible for a growing
portfolio of high-profile events, including The Quoted Company
Awards, Women in IT Awards Global Series, Women in Finance Awards
Global Series, British Small Business Awards, Women Advisor Summit,
Women to Watch, Diversity & Inclusion Summit and Retirement
Income Summit, amongst others.
For more information visit www.bonhillplc.com
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
TSTUBVURKKAAAUR
(END) Dow Jones Newswires
January 18, 2019 02:00 ET (07:00 GMT)
Bonhill (LSE:BONH)
Historical Stock Chart
From Apr 2024 to May 2024
Bonhill (LSE:BONH)
Historical Stock Chart
From May 2023 to May 2024