National World is expected to issue its first dividend this year after revenues for 2022 are expected to be “not less than £84 million” (about $104 million).
National World chairman David Montgomery said:
“We have accelerated the Group’s transformation into a premium content and sales business across all platforms in 2022.
“We continue to launch new products, invest in organic growth, enhance heritage assets and streamline our infrastructure to create further efficiencies.
“Management is pursuing opportunities to build scale and enhance shareholder value through targeted investments and acquisitions. Two online content acquisitions completed at the end of 2022, Scoopdragon and Newschain, have immediately increased National World’s online audience by over 10 per cent.
“We look ahead into 2023 with confidence given our rapidly evolving operating model to restore revenue growth and we maintain our expectations for the Group’s performance.”
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