RNS Number : 5645Z
Euromoney Institutional InvestorPLC
22 July 2008



July22,2008


EUROMONEY INSTITUTIONAL INVESTOR PLC

INTERIM MANAGEMENT STATEMENT

FOR THEPERIODTOJULY 22,2008



Euromoney Institutional Investor PLC("Euromoney"), the international publishing, events andelectronic information group,today issued its Interim Management Statement for theperiodfromApril1, 2008to July 22, 2008.There have been no material events or transactions in the period other than the information contained in this Interim Management Statement.


Since reporting its 2008half yearresults onMay15,2008,trading has continued in line with the board's expectations. Revenues for the quarter toJune30, 2008increased by13% to £94.6million(2007: £83.6 million), driven mainly by continued strong growth from subscription products and increased attendance at the group's conferences, seminars and training courses. Net debt atJune30,2008was £186.0million against £201.8million atMarch 312008,reflectingthe group'sstrongoperatingcash flows.


Euromoney's strategyisto develop a portfolio of complementary businesses built around leading international brands serving a number of globalbusinesssectors, with a strong focus on emerging markets.Therevenueperformanceforthe quarterto Junecontinued the trends seen in the first half andfurther illustratesthe group's success in growing its subscription-based products, particularlyfrom the provision of electronic information and data services. Subscriptionscontinue to account for more than a thirdofannualrevenuesand comprisethe group's largest revenue stream.In addition,delegate revenuesfrom training and eventshave so far proved resilient to the difficult markets. The growth in advertising and sponsorshiprevenuescontinued atsimilar rates to the first half, reflectingthe impact of theproblems inglobalcredit marketsand spending cuts at global financial institutions.Meanwhile, emerging markets,which account fora significantand growingpart of thegroup's revenues, remain inrelativelygood health.


Revenue visibilityfor the fourth quarter, and in particular the month of September whichhistorically accounts for more than 20% of the group's annual adjusted operating profit,is similar to this time last year and in line with the board's expectations.


Since March 31, the company has disposed of its 15% interest in LAMPTechnologies LLCforan initialcashconsideration of£1.6million which will give rise to aprovisionalexceptional profiton disposalof £1.6million. LAMP Technologiesis a provider of back office services to the hedge fund industry andthe investment wasacquired as part of the acquisition of Metal Bulletin plc in October 2006. In May,thecompany's subsidiary, Internet Securities Inc("ISI"),acquired a 51% interest in Benchmark Financials Limited ("BPR") for an initial consideration of £0.5 million. BPRis one of the leading providers of company financial data, analysis and business credit ratings for Colombian companies, through itsBPR Benchmarkproduct, and will be integrated with ISI'sEmerging Markets Information Service.


Consistent with the comments made at the time of thehalf yearresults, the group remains focussed on investing to grow the business, increasing revenues from high quality subscription-based products, particularly electronic information services, reducing its dependence on advertising and maintaining a high margin. This strategyhashelped to create a more diverse business that iswellplaced tomeetthe challenges of current markets.


The company expects to provide a pre-closetrading updatefor the year to September 30, 2008at the end of September.


Padraic Fallon

Chairman

July 22,2008


END


For further information, please contact:


Euromoney Institutional Investor PLC

Padraic Fallon, Chairman: +44 20 7779 8556;

Colin Jones, Finance Director: +44 20 7779 8845;

Richard Ensor Managing Director+44 20 7779 8845;


Financial Dynamics

Charles Palmer: +44 20 7269 7180;




NOTE TO EDITORS


About Euromoney Institutional Investor PLC


Euromoney Institutional Investor PLC is listed on the London Stock Exchange and a member of the FTSE-250 share index. It is a leading international business-to-business media group focused primarily on the international finance, metals and commodities sectors. It publishes more than 70 magazines, newsletters and journals, includingEuromoney, Institutional Investor, andMetal Bulletin. It also runs an extensive portfolio of conferences, seminars and training courses and is a leading provider of electronic information and data covering international finance, metals and emerging markets. Its main offices are inLondon,New YorkandHong Kongandmore than a third ofits revenues arederivedfromemerging markets.


Visit our website atwww.euromoneyplc.com


This Interim Management Statement is prepared for and addressed only to thegroup's shareholders as a whole and to no other person. Thegroup, its directors, employees, agents or advisers do not accept or assume responsibility to any other person to whom this Interim Management Statement is shown or into whose hands it may come and any such responsibility or liability is expressly disclaimed. Statements contained in this Interim Management Statement are based on the knowledge and information available to thegroup'sdirectors at the date it was prepared and therefore the facts stated and views expressed may change after that date. By their nature, thestatements concerning the risks and uncertainties facing thegroup in this Interim Management Statement involve uncertainty since future events and circumstances can cause results and developments to differ materially from those anticipated. To the extent that this Interim Management Statement contains any statement dealing with any time after the date of its preparation such statement is merely predictive and speculative as it relates to events and circumstances which are yet to occur. Thegroup undertakes no obligation to update these forward-looking statements.


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