|Financial results stated in £m||12 months to June 30, 2019||12 months to June 30, 2018|
|Net Cash / (debt)||10.3||(0.4)|
January 15 2020, London: Haymarket Media Group has today filed annual accounts showing an increase in EBITDAE to £8.6m (2018: £3.5m).
Although Haymarket Media Group revenue decreased slightly in 2018, like for like revenues rose by 9%, primarily driven by strong growth in the US medical business.
These results reflect the company’s continued investment in its technology infrastructure, particularly in the Automotive division, and a growing diversification of revenues, especially in the US.
Kevin Costello, CEO of Haymarket Media Group, said: “These results show a business in sound financial shape. In a year of economic and political uncertainty, with the media industry in the middle of transformation, we are fulfilling our strategic goal of building a balanced portfolio of diversified revenues across our core markets: business media, content solutions and automotive technology.
“Over 70% of our revenues now come from digital, data and live activity and for the first time, more than half of our revenues are generated from outside the UK.”
Costello added: “A major focus over the past few years has been bolstering our balance sheet. Today we are debt-free, with cash on the balance sheet. Ten years ago, our debts stood at more than £150m. This means we have the resources to grow organically and through acquisitions.”
Lord Heseltine, Chairman of Haymarket, says: “These outstanding results show a business that is financially sound, clearly focused and enjoying significant, sustainable growth. There is more opportunity today than there ever has been and Haymarket has never been better placed to take advantage of it. In every market and geography in which we operate we are going for it. I have complete confidence in the team’s ability to ensure that the company keeps growing and developing in the right way.”
Haymarket operates in many international territories including the UK, US, Hong Kong, Singapore, India and Germany. Focusing on core content sectors across business media, content solutions and the automotive markets, reaching carefully selected, highly engaged audiences.
* Earnings before Interest, Tax, Depreciation, Amortisation and Exceptionals
Roxanne Newell, Communications Manager – email@example.com
About Haymarket Media Group:
Haymarket Media Group creates award-winning specialist content and services for international audiences. Founded in 1957 by Lord Heseltine, the company has more than 70 market-leading brands created by world-class experts in locations in the UK, the US, Hong Kong, Singapore, India and Germany.
Our consumer and professional brands connect people and communities across digital, mobile, print and live media platforms. Although Haymarket’s portfolio is diverse, its mission is the same across borders and markets: to deliver brand experiences which truly meet the needs of its audiences and clients.
Haymarket’s brands include What Car?, Autocar, Campaign, PRWeek, MyCME and Finance Asia.