Sign in or Register
 
 
Exhibition News Race Day
Register today to receive each issue absolutely FREE!




EN Race Day debate to tackle free content...

Garry Tyson scooped the gong for Best Organiser Salesperson at this...

“North West must stand united”...

Exhibition News September 2014
September 2014

I2i Events Group owner announces £36m re-investment plan
posted on: 17/7/2012 09:21:59
spring fair

The owner of the i2i Events Group has announced £36m in re-investment off the back of its restructure into distinct events, digital information and publishing businesses.

Top Right Group claimed its restructure into three separate operating groups, i2i Events, 4C and Emap, is already paying dividends after reporting an eight per cent revenue rise to £148m in the six months to 30 June. Pre-tax profits remained on par with last year’s first half at £53m.
 
Overall year-on-year growth had been achieved in every month of the first half of 2012, and EBITDA remained stable despite challenging market conditions and increased investment levels, the company stated. Net debt has also been reduced from £513m in the first quarter of 2011 to £352m in Q2, 2012.
 
Across the restructured business, the i2i Events Group reported a 10 per cent year-on-year increase in revenue, driven by a strong performance across Spring Fair International at The NEC (pictured). This year’s exhibition attracted 3,000 exhibitors and more than 64,000 buyers.
 
The company also highlighted its recent Cannes Lions Festival as another strong performer after attracting 23 per cent more delegates this year.
 
The digital information services business, 4C Group, reported a seven per cent revenue rise for the first half of the year, while the Emap publishing business saw growth of two per cent over the same period. Aparticular highlight was its Marketing Solutions business, which grew nine percent in the first six months of this year.
 
“It is clear from these results that the restructure of Top Right Group into three standalone operating companies is already succeeding in enabling growth,” Top Right Group chief executive Duncan painter said. “Our strategy is clear – to build the platform on which the businesses will grow by investing in them and unlocking their potential.
 
“These results are a good step in the right direction.”
 
The group confirmed its owners APAX Partners and the Guardian Media Group are now backing its £36m investment earmarked for IT improvements, property, customer relationship management and product development.
 
According to various media reports, the group is planning to quit its London headquarters in favour of three separate offices for each of the division, fuelling further speculation that the divisions could be sold off.
 
“Top Right Group’s brands and businesses are market leaders and we are investing in the company to create value and stimulate growth,” group chairman and Apax partners Tom Hall said.
 
“Duncan Painter and his management team have put forward an ambitious growth programme requiring substantial investment in the business over the next four to five years and we are fully behind this.”
 
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
EN Race Day review
posted on: 23/9/2014 12:14:37
The threat of online content reducing the need for show content was one of the key topics debated at the latest Exhibition News Race Day.

Show organiser ICHF Events has reported more than 15,000 visitors at its autumn crafts show, run alongside Woman’s Weekly Live.

AECC again secures gold green tourism award
posted on: 22/9/2014 16:53:03
Aberdeen Exhibition and Conference Centre (AECC) has retained Gold accreditation from the Green Tourism Programme following a recent audit.

lunch! to feature 300 exhibitors
posted on: 22/9/2014 16:17:10
Diversified’s lunch! show for the £14.9bn UK market is expecting 6,000 attendees and 300 exhibitors ahead of its opening at the Business Design Centre in London on 23 September.

Dallas to join EICC as new chief exec
posted on: 22/9/2014 16:09:03
Marshall Dallas has been appointed as the new chief executive of the Edinburgh International Conference Centre (EICC). He joins the company on 1 October succeeding Hans H Rissmann who has held the role for 21 years.