dmg media reveals underlying advertising revenue growth of 4% in the 13 weeks to the end of December.
In its first quarter trading update, published today, DMGT Group posted a 2% increase in revenue on an underlying basis, in line with market expectations.
dmg media saw underlying advertising revenue growth of 4%, with a 10% increase in digital.
“Our strategy is gaining traction and we delivered a robust performance across our more focused portfolio in the first quarter with underlying revenue growth across the breadth of our B2B and consumer media businesses,” said chief executive Paul Zwillenberg (pictured).
“DMGT remains in a net cash position which provides us with significant financial flexibility as we continue to execute against our strategy,” he added.
Shares in DMGT were up almost 2% following the update.