Monday, August 06, 2012

UBM’s first half events profit up 30%

News this week: London-based, UBM plc has reported its interim results for the six months ended 30th June 2012. Revenues were up 7.3% from £474 million last year to £508.7 million in the first half this year. Adjusted group operating profit rose 12.5% from £91.9 million to £103.4 million.

Online and print revenue combined dropped 16% from £101.5 million to £85.6 million. Overall revenues from business in emerging markets jumped 21% to £93.1 million, equivalent to 18% of total. On the company’s events business, operating profit was up 30% to £74.8 million, contributing 67% of the group total. UBM also reported emerging markets accounted for 31% of total event revenue in H1 2012 – of which 72% was from China and 17% from South East Asia. Forward bookings for the company’s top 20 events were up 13%.

In total, UBM reported the completion of seven acquisitions in H1 for an expected consideration of £26.6 million, of which, five acquisitions were related to events and contributed £4.7 million to H1 revenues.

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