Sign in or Register | Newsletter
 
 



Register today to receive each issue absolutely FREE!





From superhero movies to comic conventions, it’s a geek's world and...


Logistics suppliers are playing an increasingly important role for...


Planning approval is being sought for a new Titanic Exhibition Centre...


Marketing and event specialist, UKFE tells EN how its inaugural...


Richard Dove from Showplans Technology Group, explores the changing...


Event organisers are harnessing the power of telemarketing to...

Exhibition News August 2015
August 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

A campaign to end canned game hunting, boutique tours led by locals and an education project in Madagascar are among the finalists vying for the 2015 World Responsible Tourism Awards.


Dancing robots that can play snooker and cook like a master chef will be a highlight of the Process Packaging and Machinery Show (PPMA) at NEC Birmingham next month.


With one month to go before the Association of Event Organisers’s (AEO) annual conference, organisers have confirmed Facebook, JCB and Microsoft have joined the speaker line-up.


The final preparations are underway at Exhibition Centre Liverpool ahead of its opening in September.


2015 half-year results wrap-up
posted on: 3/8/2015 15:42:04
It has been a busy few weeks for finance teams and analysts as they crunch the numbers to reveal how exhibition and conference organisers performed for the first-half of 2015.