Friday, November 16, 2012

Reed Exhibitions revenue up 15%

News this week: Media group, Reed Elsevier, reported its interim results for the first nine months ended 30th September 2012. The group’s exhibitions organising arm, Reed Exhibitions, reported underlying revenue growth of 15% year-on-year, or 7% excluding biennial cycling. The company’s shows saw double digit growth in emerging markets outside the U.S. and Europe.

Reed Exhibitions reported the launch of 20 new shows in the first nine months of the year with a focus on high growth sectors and geographies including Brazil, Turkey and China. It expects growth rates in Europe will continue to be impacted by the uncertain economic environment.

Erik Engstrom, CEO of Reed Elsevier, commented, “In the first nine months of 2012 we have made good progress in systematically transforming our business, primarily through organic investment, supplemented by selective portfolio developments. The macroeconomic environment and its impact on our customers’ markets remain uncertain, but by focusing on the fundamentals of our business, we expect to continue to improve the quality of our earnings.”

This post is excerpted from BSG's weekly e-newsletter which is part of our subscription research service, BSG Tracker. Visit our website to find out more about this service. You can also follow us on Twitter for all the latest updates.

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