Bonhill shares rise as it forecasts revenue boost from print and live events
Media firm Bonhill saw its shares jump more than five per cent this morning after upgrading its full-year expectations.
Bonhill, which specialises in business information, live events and data, today said its results for the nine months to the end of December will be ahead of market expectations.
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The company said it expects revenues of roughly $19m (£14.7m) for its Investment News division for 2018, a 14 per cent rise on the year before.
Bonhill expects Investment News to have brought in revenues of roughly £6m since its acquisition in August.
Revenues for all other parts of the business, including print, digital and events, were up, with a 10 per cent jump in the final quarter on the same period the year before, the company said.
The media firm said it generated sales of roughly £500,000 from its flagship ‘Women in…’ series, thanks to the launch of three new events.
Bonhill said it has doubled sales for these events on the same period last year and sales for its Women in IT London event later this month are 35 per cent ahead.
Chief executive Simon Stilwell said: “I am delighted with how well Investment News has been integrated into the group and it is performing well. There are clear major opportunities to develop the brand further which we will do in the years ahead.
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“We are continuing to invest across the business, particularly in high calibre team members to drive the business ahead and look forward to another year of growth and development with confidence."
Bonhill said it has confidence in its UK media business, which has seen a pick-up in sales following a recent restructuring.
Bonhill shares rise as it forecasts revenue boost from print and live events
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