UBM expects FY performance "at least" in line with guidance
Source - SMW
UBM said it expects to post a full-year result at least in line with expectations communicated at its interim results.
The company pinned the guidance on the strength of its recent trading performance, notwithstanding the impact of foreign exchange movements.
UBM said it's on track to deliver "significantly accelerated" adjusted underlying revenue growth in annual events for the full year, or at least the Global B2B Exhibitions Industry average.
The company said it also continued to review its dividend policy.
"The updated policy, which will apply from 2018, is to pay a progressive dividend centred around 2 times cover through economic and biennial cycles and taking into consideration impact from currency movements," it said.