Jan 25, 2023 / 09:30AM GMT
Duncan Anthony Painter - Ascential plc - CEO & Director
Good morning, everyone, and welcome. I'm delighted to be speaking with you today to cover a strong trading update and our strategic review conclusions. Please familiarize yourself with the important disclaimer ahead of our agenda chart.
At the end of this brief presentation, we have allocated the majority of the time today to take your questions either on the phones or via the webcast.
Starting with our trading update. I am very pleased to say that 2022 ended ahead at the top end of the current consensus range for both revenue and EBITDA. Digital Commerce performed well, growing revenue by an expected 15% on a pro forma basis. With challenging economic conditions at the end of the year, this result emphasizes the strong competitive advantage that we provide to our customers.
Digital commerce adjusted EBITDA margin in H2 rose to between 13% and 15%, giving a margin of 8% to 10% for the full year.
In other segments, product design continued its excellent performance driven by record levels of customer retention
Full Year 2022 Ascential PLC Trading Statement Call Transcript
Jan 25, 2023
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