29th November 2015

DMGT Release Preliminary Results

According to DMGT's preliminary results, all three Mail titles' have lost revenue.


Despite a less then pleasing performance by DMGT's print titles, Mail Online has experienced revenue growth of 18%.

All three Mail printed titles saw a combined revenue drop of 4% from £598M to £572M.

The Daily Mail and Mail on Sunday alone saw a combined revenue loss from £536M to £499M.

According to the preliminary results, operating profit of the Mail businesses was up 12% to £79M.

DMGT said about the results: “increased investment in Mail Online was more than offset by lower costs, notably distribution, marketing, newsprint and central support services at the Daily Mail and The Mail on Sunday”.

Across print and online, advertising revenue stood at £242M, which was a 4% decrease year on year. However, Mail Online saw an 17% increase in advertising revenue to £73M.

DMGT said: “Mail Online continues to focus on increasing the size and engagement level of its global audience and, in particular, its US audience alongside gaining traction with its US advertiser base.”

On expectations for 206, the preliminary report said: "The operating margin is expected to remain broadly in line with the 13 per cent achieved in FY 2015.

"DMG media's first quarter trading to date has been satisfactory, although we remain cautious about the medium term outlook given continuing external uncertainties, particularly for UK print advertising."

 

 
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