Top Right Group Reveals Revenue and EBITA Increases in Audited Annual Results for the Year Ended 31 December 2014

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Top Right Group

27 May, 2015, 08:24 GMT

LONDON, May 27, 2015 /PRNewswire/ --

Headline revenue growth up 15%, EBITDA up 24%

Accelerated growth thanks to improving customer satisfaction and retention as well as acquisitions of Stylesight and Money 20/20  

Top Right Group, the global business-to-business media group, today announced its financial results for 2014, reporting Group revenue of £312.7 million, a headline growth of 15% and an organic* growth rate of 9%.

Duncan Painter, Chief Executive, Top Right Group, said: "Our three year turnaround plan is now complete. Our businesses have effective growth strategies in place and clear operating priorities. I am delighted to announce that we have again grown our client base and further improved customer satisfaction and retention to industry-leading levels.

"Our 2014 revenues were above £300m for the first time and as results from earlier acquisitions and internal investments in systems and technology come through, I am particularly pleased to report a substantial growth in profits, with EBITDA increasing by 24% headline (27% organic*), a significant acceleration over previous years."

   
                                             FY 2014     FY 2013
    Revenue                                  GBP312.7m   GBP271.4m
    Headline revenue growth                  15%         12%
    Organic* revenue growth                  9%          9%
    EBITDA                                   GBP85.3m    GBP68.8m
    International revenues as % of total     48%         44%

Top Right Group has three business segments: Events, comprising i2i Events Group and Lions Festivals, generated revenues of £141.5m (2013: £121.3m) and grew of 14% organic. The digital Information Services segment, comprising WGSN, Planet Retail and the 4C businesses of MEED Projects, Glenigan, Groundsure and DeHavilland, transforming data into high-quality, industry-specific business intelligence. It generated revenues of £92.8m (2013: £75.0m) and grew 6% organic. The Subscription Content segment also grew 6% and generated revenues of £78.4m (2013: £75.1m), led by EMAP's continued growth of subscription services to its professional membership and accelerated growth of its digital and live events revenues.

Operational highlights:

  • Launched three major products:
    • new WGSN.com - combining the best of WGSN and Stylesight;
    • Lions Health - a new festival serving the healthcare communications industry; and
    • HSJ Intelligence - EMAP's largest data product to date.
  • Launched four events in new geographies:
    • Pure, Shanghai;
    • CWIEME, Shanghai;
    • Retail Congress China; and
    • Bett Leadership Summit Asia
  • Acquired Money20/20, the leading event in payments and financial services innovation.

Tom Hall, Partner Apax and Chairman Top Right Group, said: "This is a robust performance by the Group and all segments performed well. In 2012 and 2013 we supported significant investments in Top Right Group to provide better customer service and create market leading products - these are starting to pay off and will continue to drive the Group's growth." 

Andrew Miller, Chief Executive, Guardian Media Group, said: "The business has again delivered another year of sustained progress. Its customer methodologies and sophisticated analytics have continued to serve the business well, driving growth through a combination of new products and higher customer loyalty."

http://www.topright-group.com

* Organic growth: constant currency and pro-forma for acquisitions and disposals assuming a transaction date in each case of 1 January 2013