Wilmington plc’s Chief Executive Officer Pedro Ros, speaking at the company’s half-year results presentation in London, said “We continue to make progress in digitising the business and making our offering more relevant and bespoke to clients. During the first half the Group has worked hard to transform its culture and work practices, successfully completing the London property move, with an emphasis on ‘One Wilmington’.”
Revenues for the six months were up 6% to £58.2m and Adjusted Profit before Tax increased by 2% to £9.0m. The Interim dividend increased 3% to 4.0p in line with a progressive dividend policy. Pedro highlighted the acquisition of Interactive Medica Group which strengthens the Healthcare Division’s pharmaceutical data offerings and increases access to European markets.
Pedro introduced Richard Amos, who joins the Board on 1 March 2018 and becomes the company’s Chief Financial Officer on 1 April 2018. Pedro also referred to the appointment of Martin Morgan, who joins the Board as Chairman on 1 May 2018.
Pedro added ‘the second half of the year tends to be more profitable for Wilmington, and will be aided by recent acquisition contributions. As we move into the next six months, we will continue to focus our attention on developing and enhancing the next generation of digital training products and learning support systems to leverage rapidly changing client demands.”
This article is extracted from the half year results for the six months ended 31 December 2017 issued by Wilmington plc and presented on the 22 February 2018. Readers are advised to refer to the full text here: