DGMT publishes first quarter trading update

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Daily Mail and General Trust (DGMT), owner of dmg events, has posted a group underlying revenue growth of two per cent.

The events and exhibitions part of the business, dmg events, reported an underlying revenue growth of seven per cent.

“Underlying revenue growth of  seven per cent reflected continued growth from the Big 5 Dubai and ADIPEC shows, two of the business’s three large events, which were held in November,” reads the statement. “Reported revenue performance was affected by the timing of events. As previously indicated, the Full Year Two revenue growth is expected to be reduced by Gastech, the third large event, due to its cyclical move from Tokyo to Barcelona this year.”