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Ascential releases financial figures for the first half of 2018

Specialist information company Ascential has released its interim results for the first half of 2018, in the period between the start of the year and 30 June 2018.

They demonstrate strong strategic progress and organic growth. Revenue from continuing operations reached £188.9m, with a reported revenue growth of 14%. Recorded operating profit from continuing operations was £28.7m.

There was traction for the company’s new operating model, which is organised by customer needs. New products, segment expansion and excellent operating leverage meant a strong year for product design. There was also growth in digital ecommerce subscription products.

The company successfully launched their Money 20/20 brand in Asia, and moved its European arm to Amsterdam. They also acquired marketing intelligence service WARC.

Chief executive officer Duncan Painter commented: “In the last six months we have made considerable progress with our strategic vision: enabling our customers to succeed in the digital economy.

“This is supported by a number of important strategic decisions such as the disposal of Ascential Exhibitions, the Digital Pass, and the acquisition of WARC. We were pleased with the initial steps taken to integrate our ecommerce analytics offerings, with One Click Retail traffic data now available on the Clavis platform.

“The Group is trading in line with its expectations for the full year and the Board remains confident in our overall 2018 performance and our prospects for continued success through the execution of our strategy.”

The full results can be viewed here.

Pictured: Ascential’s Money 20/20 event earlier this year