Euro money (the currency) may be going through a rough patch, but Euromoney (the publisher) is in rude health.
Q1 2012 subscription income is up 25 percent over the previous year to £50.5 million.
The DMGT-owned business publisher needed that – its advertising sales dipped 13 percent over the same period, to £12.4 million.
But conference ticket sales were up by a tenth. All in all, Euromoney’s Q1 revenue is 11 percent better than Q1 2011, at £94.6 million.
Nevertheless, the forecast is tough in the European economy: “The board expects the outlook for revenues to be tougher in the second quarter, although the resilience of the group’s subscriptions revenues, the strength of its events businesses and the impact of the acquisition of Ned Davis Research should all provide some protection against the difficult markets.”