The company maintains strong earnings, fuelled by content growth and product development 

Haymarket Group today reports annual earnings of £15 million in the last financial year ending 30 June 2024. Accounts filed at Companies House show the total turnover in this period was £183 million, flat on the previous year. 

Haymarket has reported a modest increase in profit despite a challenging trading environment. This achievement underscores the company’s resilience and ability to adapt to shifting market conditions. The profit level also reflects the business’s continued investment in new product development and acquisitions.

The UK business was the standout performer, with growth being driven by a significant increase in paid content revenues. US revenues softened, primarily due to uncertainty in the pharmaceutical market borne out of election-driven debates on drug pricing, changes to Medicare policies, and a noticeable shift towards direct-to-consumer models, all contributing to a more cautious environment.

The period also saw strategic acquisitions in Canada and the Netherlands, expanding the company’s international footprint and diversifying its revenue streams across core markets. The company continued to innovate, investing in a range of new product developments, ensuring it remains well-positioned to capitalise on emerging opportunities. 

Investment continued in the business’ global sustainability strategy – Haymarket Impact – accelerating its efforts to not only reduce its negative footprint, but to maximise its positive influence, through expert, remarkable content and the powerful partnerships it holds around the world. 

Kevin Costello, Chief Executive at Haymarket Group said: “Today’s results show a solid performance that reflects the resilience of our business and our unswerving commitment to delivering quality, trusted and expert media, data and information, tailored to the needs of our specialist audiences.

“Our significant investment in emerging technologies and content platforms – particularly reflected in the results of our UK operations – underpins our commitment to  long-term, sustainable growth.”

Rupert Heseltine, Chairman of Haymarket Group added: “Haymarket’s continued success is testament to our talented colleagues across the globe. As a privately held, family-owned business, our people, culture, and values remain at the core of everything we do. This strong foundation enables us to report robust growth, pursue exciting new opportunities, and accelerate our momentum into what is set to be a very exciting year ahead.”

Haymarket is forecasting turnover growth in the current financial year ending 30 June 2025. More than half of the company’s revenue is generated from outside the UK, with the US business being the single largest contributor.

Looking at the upcoming year for Haymarket, Costello concluded: “We remain focused on new investment opportunities, recognising our future success relies on us continuing to grow and develop the business. Looking to what’s next, we have ambitious plans between now and the remainder of this financial year, both in organic investment and acquisition.”

Haymarket – which owns more than 80 market-leading brands including Campaign, What Car?, MyCME, GP and Asian Investor, has offices in the UK, US, Canada, Germany, the Netherlands, Hong Kong, Singapore and India.

[ENDS]

Media Enquiries:

Tara Geoghegan, Impact & Communications Manager, Haymarket Media Group 

[email protected] 

About Haymarket Media Group

Haymarket Media Group is a privately-owned media, data and information company, providing remarkable content to specialist audiences across the world. The company has 1,300 employees across offices in the UK, US, Canada, Hong Kong, Singapore, India, Germany and the Netherlands. Haymarket’s portfolio consists of more than 80 market-leading brands including What Car?, Campaign, PRWeek,  MyCME and Asian Investor.

Through live, digital, print, education, data, tech services, video and audio, Haymarket’s brands inspire, inform and empower clients and communities internationally.

www.haymarket.com