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

Ninety years after UFI’s 20 founders first met in Milan, members are preparing to return to the fashion capital for the global exhibition association’s annual congress.


Mash Media launches new exhibition for PAs
posted on: 4/9/2015 16:50:45
Mash Media has announced the launch of The PA Show, a new exhibition solely dedicated to PAs, EAs, executive secretaries and other senior office professionals.


London’s Science Museum in South Kensington has launched a new add-on for corporate events to coincide with the opening of its major exhibition, Cosmonauts: Birth of the Space Age, on 18 September.


A life-size baby elephant made out of chocolate is set to be the centrepiece at this year's Speciality Chocolate Fair, following on from a show-stopping giant chocolate saxophone at last year's show.


Visitors to the inaugural Event Industry Sleepover can look forward to entertaining tales from two leading UK authors, as organisers unveil the latest details for the charity networking event.