Annual and interim results

Results at a glance

Results for the six months ended September 30th 2021:

  • Half-year revenues for the Group were £159.3m, an increase of £17.5m or 12% on the prior year. While some parts of our business were undoubtedly bouncing back from the impact of covid last year, our overall revenue growth was still up 4% on the first half of 2019/20  

  • The Group’s half-year operating profit of £25.7m exceeded all expectations and was a significant improvement on both last year (£17.8m) and the first half of 2019/20 (£11.1m), which we use as a pre-covid comparator  

  • At the end of this first half, subscription volumes were 4% ahead of the same period last year at 1,151k.

  • Our Future Customer Experience (FCX) platform is now live in the UK and North America, a milestone on our planned roll-out globally by 2022  

  • Economist Impact has bounced back, with revenues of £40.0m in these six months, an increase of 52% on the prior year  

  • Economist Intelligence saw revenues rise 2% (9% at constant currency) to £21.8m  

Results for the 12 months ended March 31st 2021:

  • Operating profit for the Group increased by 27% over last year to £41.8m
    on revenues of £310.3m

  • The Group achieved revenue of £310.3m, 3% less than in 2020. Subscription revenues grew, however, this only partially offset the decline in client-led revenue in Client Solutions and Events, which were adversely impacted by lockdowns and uncertainty during the covid pandemic

  • Largest-ever increase of subscribers in a single year: gain of 90,000 to 1,122,000 subscribers

  • The Economist’s subscription revenues rose by 6% as a result of a record growth in subscribers, combined with lower acquisition marketing expenditure

  • The Economist Intelligence Unit’s new business increased by 44% with its Clearstate healthcare business revenues up 29%

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AGM and shareholder calls

Date Event
Jun 20th 2022 2022 Year-end results
Jul 12th 2022 2022 Annual general meeting

For access to shareholder calls, email us.

UK Pension Plan