UBM predicts slower growth

City A.M. Reporter
MEDIA and marketing services company UBM said yesterday it expects full-year underlying revenue growth to be at or below three per cent with fewer new launch events in the fourth quarter and weaker conditions in Brazil and India.

However, UBM said it expects full-year profit to be on track and estimated adjusted operating margin at the upper end of the 22 to 23 per cent range.

Underlying revenue in the nine months ended 30 September rose 2.3 per cent to £580.5m.