Sign in or Register | Newsletter
 
 



Register today to receive each issue absolutely FREE!





With Mash Media set to open a new event next year, EN catches up with...


Hugo Spalding, MD of data capture software firm, MSP Ltd, on the...


Industry legend Mike Rusbridge retires from Reed Exhibitions in...


As part of the launch of DB Systems’s new RfiD solution,...


At the height of the summer and art season, Masterpiece London...


Two families across five generations - 120 years of Montgomery...

Exhibition News September 2015
September 2015

Read it online
now for free!

Inaugural Ecobuild show boosts UBM profits
posted on: 25/4/2012 09:15:16
ecobuild

UBM has reported that strong growth from its first edition of Ecobuild, its Game Developers Conference, Sign China and Enterprise Connect have helped boost profits for the first quarter of the year.
 
The inaugural Ecobuild show under UBM’s ownership held at Excel London on 20-22 March had more than 1,500 exhibitors and 57,000 attendees.
 
Unaudited results for the three months to 31 March 2012 showed events revenue rose 46 per cent to £123.1m compared to the same period in 2011, while adjusted operating profit rose 53 per cent to £42.4m.

The company said it expected underlying growth for its events organising business to be between 10 to 12 per cent.

Overall operating profit rose 26 per cent to £56.1m while total revenue grew 11 per cent to £264.2m.

"Although conditions in a number of our markets remain challenging, and year-on-year comparisons will get tougher as the year progresses, the business is performing well and we maintain our consolidated guidance for 2012," said UBM chief executive officer David Levin.

The firm completed several acquisitions in the first quarter including the Malaysian International Furniture Fair, the China International Exhibition and Symposium on Dental Equipment, Technology and Products, and 4G World, an independent telecoms and wireless event serving the US market.

UBM's consolidated net debt stood at £502.0m as at 31 March, down from £526.4m at the end of 2011.
 
Got a story for Exhibition News? Email us: exhibitionnews@mashmedia.net


Print:
Email:
Share article:

COMMENTS
Would you like to Leave a Comment?

LATEST NEWS

Event management agency Ashfield Meetings & Events has appointed a new business director, while BCD Meetings & Events has announced a new MD of the agency’s EMEA region.


Supplier of audio-visual equipment and services, Blitz|GES, has announced a new five-year deal with ExCeL London as well as a strategic restructure.


Krystle Davis joins AEO team
posted on: 3/9/2015 10:31:02
The Association of Event Organisers (AEO) has appointed Krystle Davis as business development manager ahead of its annual conference, which begins today (3 September).


Insomnia 2015 moves to the NEC
posted on: 3/9/2015 09:55:47
Gaming festival Insomnia will relocate to the NEC this December, having outgrown its current home at the Ricoh Arena, Coventry.


Former PR director of Davies Tanner and PR counsel to the Business Visits and Events Partnership (BVEP), Alistair Turner, has launched a new agency specialising in the events industry: EIGHT PR & Marketing.