Friday, March 08, 2013

UBM’s events business up 12%


London, 1st March: London-listed UBM plc released its full-year results for the year ended 31st December 2012. UBM’s revenues were £977 million, compared to £972 million in the previous year. Adjusted group operating profits also increased slightly from £202 million to £204 million.

More than 44% of total revenues were generated from events business and accounted for £438 million, up 12% year-on-year from 2011’s £392 million. Adjusted group operating profits increased from £133 million to £142 million, a growth of 6.8%. UBM organised 100 events during the year that generated revenues of more than £1 million – accounting for 85% of annual events revenues.

Annual events revenues were £413 million, up 15% from £358 million in 2011. The company generated 31% of its annual events revenues in China, which grew 15% year-on-year.

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