Business services provider UBM plc. (UBM.L) said, in its interim management statement, that total adjusted operating profit for first-quarter ended 31 March 2013 decreased 23.9% to 35.0 million pounds, from 46.0 million pounds in the prior year quarter. The company said that the performance for the quarter was in line with expectations.
Event revenues were down 9.7% to 109.4 million pounds, principally reflecting the biennial headwind plus the movement of events between quarters. On an underlying basis revenues declined 3.5%.
PR Newswire's first-quarter revenues rose 0.4% to 49.2 million pounds from the previous year's 49.0 million pounds, despite the lower number of business days in the first-quarter 2013 and changes in regulatory filing dates impacting the US and Canadian businesses.
Marketing Services - Online & Print revenues fell 12.8% to 36.1 million pounds from the prior year's 41.4 million pounds. Underlying revenue declined 5.3%.
Total revenue for the quarter down 7.9 to 194.7 million pounds from the prior year's 211.5 million pounds. Underlying revenue for the quarter declined 3.0%.
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