LONDON, July 22, 2014 /PRNewswire-iReach/ -- AXIO Data Group today announced its first set of financial results for the period to 31 December 2013, following the acquisition of its market-leading information businesses in April 2013.
Trading Period 12 Months FY13
8 Apr to 31 Dec 2013 Pro Forma
Adjusted Revenue 128.0 163.4
Adjusted EBITDA 24.4 26.5
- 2013 saw the establishment of AXIO as a portfolio of leading data and information businesses
- Underlying pro forma revenues for FY13 of £163m decreased by 5% from FY12. Pro forma EBITDA of £26.5m increased by 8% over prior year.
- AXIO generated £21m of cash from operations
- During 2013 AXIO sold its shareholding in UCF Holdings Sarl for £7.5m and reached agreement for the sale of Medical Observer and My Doctor, which were both part of MIMS Australia.
- The company reduced its debt in the period by £18.5m to £131m and held cash of £21m at the end of 2013.
- Management are confident in the strategy to build and realise value from AXIO's portfolio of businesses.
The reported results for the period show revenue of £122m, a Group operating loss of £15.6m and a net loss of £30.1m. The strengthening of sterling during 2013 reduced AXIO's consolidated revenue and profits. The results include one-off costs related to the establishment of AXIO, restructuring charges and an impairment charge against intangible assets.
Henry Elkington, Chief Executive, AXIO Data Group commented: "I'm very pleased with the first period of trading and the growth achieved in the core parts of our businesses. This has been a transformational year for all Group businesses as we developed plans for strategic value creation. Our focus on improving execution, together with disposal of a number of non-core assets, has resulted in strong cash generation and improving profits clearly shown in the underlying results."
AXIO Data Group comprises seven information businesses, operating in over 25 countries, serving a range of sectors: healthcare, intellectual property, containerised trade and specialised cargo, aviation and forest products.
AXIO's businesses all occupy leadership positions, have strong brands, and are cash-generative. Our strategy is to grow profits through revenue growth, performance improvement and acquisition.
AXIO Data Group manages seven divisions:
Vidal Group (vidal.fr)
VIDAL is a leading healthcare information business based in France, providing solutions to the healthcare sector in Europe, the Middle East and Latin America. It provides reference drug information and clinical decision support to general practitioners, specialist doctors, pharmacists, and patients. It contributes significantly to the improvement of the quality of care and medical practices in the markets it serves.
Vidal is moving rapidly to become a predominantly digitally-delivered business reflecting the information consumption patterns of healthcare professionals.
MIMS is Asia-Pacific's leading provider of trusted, quality medicine information and knowledge services, serving healthcare professionals across Australia, New Zealand and ten countries in Asia for nearly fifty years.
MIMS is an essential workflow and information resource hub for clinicians. It is a multiple-platform drug and medical information service, available at every point of care. Services include the highly popular online drug and medical information portal (MIMS.com), MIMS mobile applications, integrated drug knowledge bases within hospital information systems and standalone reference platforms, as well as desktop drug directories.
MIMS continues to strengthen its network of registered healthcare professionals through its large and growing digital audience.
TechInsights is a leading intellectual property (IP) services business which operates globally and has many of the world's leading technology companies amongst its clients. For 25 years, TechInsights has helped clients maximize the commercial value they receive from their patent portfolios. We do this by supporting patent assertion, defending alleged infringement, portfolio reviews and patent brokerage. In addition we provide syndicated technical intelligence reports.
TechInsights possesses the largest independent body of knowledge in our industry with a library of over 8,500 technical reports. Our team has broader domain and sector experience than any competitor.
JOC Group (joc.com )
JOC Group is the authoritative provider of business intelligence, data and events for trade, transportation and logistics professionals worldwide. Through its PIERS database and world renowned JOC coverage of transportation online, in print and through live events, JOC Group provides customers with critical insights and workflow tools to compete effectively in the global marketplace.
JOC has been the leading information and marketing services provider for the US domestic and international cargo community since 1827. It is the leader in this market and has been fast developing the quality and breadth-of-use of its data and as a result, has been experiencing significant growth with commercial customers, government agencies and other users.
RISI is the leading information provider for the global forest products industry. Its mission is to create the highest quality information for and about the global forest products industry and deliver it to customers as part of value-added solutions. RISI works with clients in the pulp and paper, wood products, timber, tissue and nonwovens industries to help them make better business decisions.
RISI helps clients with: the latest pricing information, supply-demand conditions, financial news, mill projects and market trends by region and globally. RISI is the best positioned and most authoritative source in the market.
Breakbulk Events & Media (www.breakbulk.com)
Breakbulk Events & Media is the world's leading brand name in specialized logistics intelligence. Breakbulk's exhibitions, congresses, workshops and media products serve logistics executives working in the oil & gas, traditional / renewable power generation, mining and infrastructure / construction markets.
OAG is a world leader in aviation intelligence and is relied upon globally for essential aviation information, data and insight. OAG is the only single source provider of schedules, traffic and flight status information. It delivers accurate, comprehensive and up-to-the-minute aviation data. OAG also provides market-leading analytical tools. It has been trusted and respected within the industry for over 80 years.
OAG sources information from over 900 airline companies. We aggregate live data into accessible digital databases which are used by a wide variety of customers: from Rolls Royce to Google.
OAG is a pre-dominantly digital subscription business.
Media Contact: Chris Bradley, AXIO Data Group, +44 (0)20 7975 1607, firstname.lastname@example.org
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SOURCE AXIO Data Group Holdings Ltd