Business
Interim Results
Interim Results.
About this update from Wilmington Plc
[{"type":"text","content":"\n \nRNS Number : 5853F Wilmington PLC 22 February 2018 \n \n\n \n \n22 February 2018 \nWILMINGTON PLC\n('Wilmington', 'the Group' or 'the Company')\nFinancial Results for the six months ended 31 December 2017\n \nWilmington plc, the provider of information, education and networking services in Risk & Compliance, Professional, and Healthcare knowledge areas, today announces its interim results for the six months ended 31 December 2017.\n \nFinancial Highlights\n\n\n\n\n- \n\n\nGroup revenues for the period up 6% (underlying1 down 3%) to £58.2m (2016: £54.8m)\n\n\n\n\n- \n\n\nAdjusted EBITA2 increased 3% to £10.0m (2016: £9.7m)\n\n\n\n\n- \n\n\nAdjusted EBITA margins3 at 17.1% (2016: 17.7%) reflecting in part the additional investment in digitisation and automated marketing \n\n\n\n\n- \n\n\nAdjusted Profit before Tax4 up 2% to £9.0m (2016: £8.8m) \n\n\n\n\n- \n\n\nAdjusted Earnings per Share5 up 2% at 7.97p (2016: 7.81p)\n\n\n\n\n- \n\n\nOperating Profit at £3.0m (2016: £5.9m)\n\n\n\n\n- \n\n\nProfit before tax at £2.0m (2016: £5.0m)\n\n\n\n\n- \n\n\nBasic Earnings per Share at 1.43p (2016: 4.43p)\n\n\n\n\n- \n\n\nDeferred revenue up 9% to £26.3m (2016: £24.2m)\n\n\n\n\n- \n\n\nInterim dividend increased 3% to 4.0p (2016: 3.9p), in line with progressive dividend policy \n\n\n\n\n \nOperational Highlights\n\n\n\n\n- \n\n\nRisk & Compliance revenue up marginally on 2016 with pleasing growth from Axco offset by lower in-house compliance training revenue. Investment in new compliance product lines showing good momentum.\n\n\n\n\n- \n\n\nProfessional revenue down 5% with strong growth in Accountancy revenue offset by the loss of unprofitable revenue associated with exiting the legal practice support market\n\n\n\n\n- \n\n\nHealthcare revenue up 27% (down 3% on an underlying basis) driven by HSJ acquired January 2017\n\n\n\n\n- \n\n\nSubscription and repeatable revenues at 77% of total revenue (2016: 78%)\n\n\n\n\n- \n\n\nInternational revenues at 41% of total revenue (2016: 43%) reflecting HSJ boost to UK revenue\n\n\n\n\n- \n\n\nSuccessful move to new London headquarters and transformatio...