Erik Engstrom | Chief Executive Officer |
Nick Luff | Chief Financial Officer |
Nick Dempsey | Barclays Capital |
Adam Berlin | UBS |
Sami Kassab | Exane BNP Paribas |
Lisa Yang | Goldman Sachs |
Tom Singlehurst | Citigroup |
Matthew Walker | Credit Suisse |
Matti Littunen | Bernstein |
Good morning, everybody. Thank you for taking the time to join us on our call today.
As you may have seen from our press release this morning, we've delivered strong financial results in the first half of 2022, and we made further operational and strategic progress. At constant currencies, revenue growth was 13%, adjusted operating profit growth was 16%, adjusted earnings per share growth was 14%, and we have declared an increase in the pound sterling interim dividend of 10%. All four business areas delivered good revenue growth, with underlying adjusted operating profit growth in line with, or ahead of, revenue growth in the three largest business areas and return to profitability in exhibitions.