Wednesday, November 15, 2006
Penton's Q3/EMAP cites UK B2B Weakness
Penton has reported reasonably strong Q3 results. While revenues and EBITDA were down, most of this is due to a one month timing shift in the $7.7 million Natural Products Expo, which moves to the fourth quarter. Adjusting for this, year-to-date revenues are up $5.5 million, or 4%.
Penton's growth is being fueled by event revenues (adjusted for timing and cancelled events, these are up 8.1%) and online revnues (up 30.4% to $17.1 million for the first nine months, or 11.8% of overall revenues). Publishing is down .4%.
Euro publishing giant EMAP reports that first half revenues are down, due primarily to weaknesses in its UK consumer (off 4%) and b2b magazine (off 5%) revenues.
Grab:
Emap said the three-month outlook for advertising markets in its UK consumer magazine and business-to-business magazines is 'weak'.
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Penton's growth is being fueled by event revenues (adjusted for timing and cancelled events, these are up 8.1%) and online revnues (up 30.4% to $17.1 million for the first nine months, or 11.8% of overall revenues). Publishing is down .4%.
Euro publishing giant EMAP reports that first half revenues are down, due primarily to weaknesses in its UK consumer (off 4%) and b2b magazine (off 5%) revenues.
Grab:
Emap said the three-month outlook for advertising markets in its UK consumer magazine and business-to-business magazines is 'weak'.
