Top Right Group shows healthy growth but profits dip

Top Right GroupLondon, 23 June 2014: Top Right Group, the global business-to-business multiplatform media group, today announced its financial results for 2013, reporting Group revenue of £271.4 million, with headline growth of 12% and an organic growth rate of 9% (2012: 7%). Top Right Group has three business segments: Events, Information Services and Subscription Content.

Annual results today showed profits before exceptional items dipped more than 2% to £68.8 million last year, although turnover rose strongly by 9% on an organic basis to £271.4 million.

Top Right Group said: As expected, EBITDA dipped £1.5m largely due to the sale of CAP Motor Research which had contributed £5.0m of EBITDA in 2012.  In 2013, the Group continued to invest in new products and services and acquired three important businesses which are expected to contribute significantly to future growth. As part of its successful renegotiation of its financing arrangements in January 2013, the Group paid down borrowings of £132.3m during the year, before drawing additional funds in November 2013 to enable WGSN, Inc. to acquire Stylesight, Inc.

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