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


Business Development Manager
London

Head of Sales and Events
Harrogate International Centre

Event Manager
Nottingham

Sales Executive
London



Lewis Field, head of design at exhibition stand builder Nimlok...

The Old Granada Studios in Manchester have been revamped into an...

CarFest has transformed from an off-the-cuff radio show idea to two...

Exhibition News August 2014
August 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
Pickevent hosted a busy night of networking at the Google Campus in east London last night (28 August).

Venue Expo hosts exhibitor masterclass
posted on: 29/8/2014 11:23:24
Exhibitors were given a masterclass on how to maximise their ROI ahead of the first edition of The Venue Expo.

Telegraph Events planning further expansion
posted on: 28/8/2014 11:11:40
The newly branded Telegraph Events is planning to announce two more exhibitions running in 2015-6 by the turn of the year, Exhibition News can reveal.

More than 15,000 people visited the inaugural BBC Good Food Festival at Hampton Court Palace over the Bank Holiday Weekend, according to organiser River Street Events.

Carfest raises £1.5m for charity
posted on: 27/8/2014 11:45:11
Brand Events’ two CarFest events held in August are set to raise £1.5m for BBC’s Children in Need.