News this week: Yesterday, London-based B2B media group,
UBM plc, released its interim results for the
nine months ended 30th September 2012. The company posted revenues
of £734.6 million in the first nine months in 2012, a year-on-year increase of
4.0% compared with last year’s £706.2 million. Adjusted operating profit in the
period was £141.7 million, compared with £127.5 million in the first nine
months in 2011 – an 11% growth.
Revenues from its events
business during the nine-month period were £338.9 million, up 22% over £278.5
million recorded in 2011. Adjusted operating profits from events were £105.1
million this year, a rise of 23% compared with £85.5 million in the same period
last year.
UBM also reported that
some of the company’s top 20 shows recorded double-digit growth in the quarter including
Furniture
China and Children-Baby-Maternity-Expo.
Forward bookings for the company’s top 20 annual events are also up 15%
compared with the previous year.
David Levin, CEO of UBM
said, “UBM remains on track to deliver the consolidated group guidance we
reiterated at the interim results. Events growth continues as expected with
good growth in our large Q3 events, particularly in China, and we continue to
invest to strengthen our global events business.”
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