Financial Times FT

Pearson: among the groups due to report healthy revenue growth

Credit: Chris Young/PA

Business-to-business publishers are expected to announce healthy growth in revenue later this month, when they unveil their latest set of financial results.

February is the time when many publishers release their results for 2011 to the City.

Centaur will be among the first, announcing its half-year results on 23 February.

The group, which publishes titles including The Lawyer and Marketing Week, is expected to report a "good first half", with profits in line with expectations and like-for-like revenues up four per cent on the same period last year. Print revenues are said to be broadly flat, while digital revenues show strong growth.

United Business Media will announce its full-year results on 28 February. When it last updated the market, in October, the Building and Property Week publisher said revenue for the year to date was up nearly 10 per cent and like-for-like operating profits were up more than 16 per cent, and a good level of forward bookings for its events.

The group has been busy disposing of many of its legacy print titles, selling The Publican to William Reed in March, and its entertainment and technology titles to Intent Media in June. UBM has also been acquiring events and trade fairs, and its events business is said to be performing better than expected.

Pearson's full-year results are out on 27 February. The owner of the Financial Times will report "good growth" at the global financial newspaper, despite weak advertising conditions. Digital and subscription-based revenue continues to climb, and the group overall expects to announce a 10 per cent rise in earnings per share.

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