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Ascential | Half Year Results 2022
Ascential | Half Year Results 2022
01 Results Summary
Continuing structural growth and bounce-back from major events.
Strong revenue growth, despite global marketplace headwinds:
Organic: +15% (Execution: +19%)
Proforma: +19% (Execution +23%)
Further expansion of addressable market, with the acquisitions in Germany and Southeast Asia.
Acceleration of investment in capabilities.
Product Design acceleration continues (revenue +14%), with strong subscription billings driven by non-fashion verticals.
Marketing saw significant growth (revenue +88%), through return of Lions festival, with considerable delegate and sponsorship participation, bringing overall revenue in line with 2019.
Retail & Financial Services also grew very strongly (revenue +74%), through continued resurgence of Money20/20 Europe, following return last year, comfortably exceeding 2019 revenue levels.
Total revenue £261m(£154m)
Adjusted EBITDA £67m(£43m)
Ascential | Half Year Results 2022
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