Wilmington PLC AGM Statement and Q1 Trading Update (2254S)
05 Noviembre 2019 - 01:00AM
UK Regulatory
TIDMWIL
RNS Number : 2254S
Wilmington PLC
05 November 2019
5 November 2019
Wilmington plc
('Wilmington', 'the Group' or 'the Company')
AGM Statement and Q1 Trading Update
Wilmington plc, the provider of information, education and
networking services in Risk & Compliance, Healthcare and
Professional knowledge areas, today announces a trading update for
the three month period to 30 September 2019. This statement is
being made ahead of its Annual General Meeting that is taking place
later today.
Trading Update
Building on the momentum that was created in the previous
financial year, Group revenue performance in the first quarter of
the year has been in line with our expectations. In what is
traditionally the quietest quarter for trading, overall revenue
increased 2.5% on an organic basis (i.e. at constant currencies and
after adjusting for acquisitions and disposals) compared to the
same period last year. This compares to the 1.5% organic revenue
increase achieved across the prior full year. Each of the divisions
individually achieved an organic revenue increase.
The increase in revenue was supported by encouraging new
business sales performance across the Group, an increasingly
important lead indicator of progress. Sales activity levels in Risk
& Compliance and Healthcare were both up on the prior year,
with Professional flat.
In line with the increase in revenue, adjusted profit before tax
in the first quarter was also up year on year.
Outlook
Overall the business remains on track to deliver against the
expectations communicated in our announcement on 19 September 2019.
The timing of certain revenues might shift slightly more to the
second half, as the recent decision by the UK Government to defer
its Autumn Budget until after the General Election means that
related revenues previously expected to be delivered by the
Professional division in November will now not be recognised until
the second half of our financial year. However the overall revenue
and sales performance in the first quarter gives the Board early
encouragement that momentum across the Group is continuing to
develop as required to achieve full year revenue and profit
expectations.
The Group plans to announce its Interim Results for the six
months ended 31 December 2019 on Thursday 20 February 2020.
The information contained within this announcement is deemed to
constitute inside information as stipulated under the Market Abuse
Regulations (EU) No. 596/2014. Upon the publication of this
announcement this inside information is now considered to be in the
public domain.
For further information, please contact:
Wilmington plc
Mark Milner, Chief Executive Officer 020 7422 6800
Richard Amos, Chief Financial Officer
FTI Consulting
Charles Palmer / Dwight Burden /
Emma Hall / Leah Dudley 020 3727 1000
Notes to Editors
Wilmington plc is the recognised knowledge leader and partner of
choice for information, education and networking in Risk &
Compliance, Healthcare and Professional areas. Wilmington employs
close to 1,000 people and sells to around 120 countries. Wilmington
is a premium listed company on the main market of the London Stock
Exchange.
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
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