Emap Releases Full Year Results In Line With Expectations

Emap has released final results for the year ended March 31, reporting pre-tax profit up 5% to £197m. Total revenues were revealed to have increased 5% year on year to £1,153m, while operating profit rose 4% to £234m after digital investment and exceptional items including the company’s investment in US publisher Petersen. The difficulties experienced with this US investment led to this morning’s resignation of chief executive Kevin Hand (see Emap Chief Executive Resigns).

The results were in line with expectations, and the company is judged to have made a strong start to the year. UK radio results were strong although revenue was fragile. UK consumer copy sales are said to be strong and consumer advertising “improving, however the automotive sector slump in the US has depressed ad revenues across the Atlantic.

Emap: 01733 568 900 www.emap.co.uk

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