Lack of exhibitions takes a toll on DMGT group Q1 revenues
Global media group and events organiser, Daily Mail and General Trust (DMGT) has reported first quarter revenues down 15% year-on-year, although the Group says the figures are in line with management expectations. The Group said that although the trading environment remained uncertain, there was continued confidence in the long-term.
The Group’s Events & Exhibitions business (dmg events) was particularly impacted, with a 92% drop in underlying revenues, due to the effects of Covid-19.
That Events & Exhibitions result was partially offset by underlying digital advertising growth at DMGT of +8%. Further, UK Property Information performance was strong, up +22%, while the Group’s B2B business saw subscription growth.