News this week: London-listed B2B media company, Reed Elsevier, has released financial
results for the year ended 31st December 2012.
On the company’s exhibition business, Reed reported revenue
growth of 15% (7% excluding biennial event cycling) to £854 million (US$1.13
billion) during the year. Profits in same period were £210 million (US$278
million), up 21% over 2011. By geographical markets, Reed reported strong
revenue growth in the U.S. and Japan, and double digit growth in emerging
markets. The company saw moderate revenue growth in Europe.
According to Reed, 30 new shows were launched in 2012 in
addition to forming partnerships and acquisitions in high growth markets. Reed
acquired full ownership of Brazilian joint venture Alcantara Machado, as well as
forming a new joint venture in Turkey with event organiser Tüyap.
Reed’s forecast for 2013 sees good growth in the U.S. and
Japan, limited growth in Europe, and strong growth in other markets. As a
biennial cycling out year for 2013, Reed is expecting revenue growth to reduce
by 5% - 6%.
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.
No comments:
Post a Comment