Friday, August 02, 2013

Reed’s exhibitions revenue posts moderate growth

News this week: London-based media group, Reed Elsevier, reported its interim results for the six months ended 30th June 2013. The group’s revenues grew by 2% to £3.03 billion (US$4.6 billion). While excluding biennial exhibition cycling, revenues were up by 3%. Adjusted operating profit in the period was £870 million (US$1.3 billion), a year-on-year increase of 6%.

The exhibitions business recorded a moderate growth of 1% year-on-year, amounting to £485 million (US$738 million). While excluding biennial effect, the exhibitions business grew 7%. Adjusted operating profit in the six-month period was £151 million (US$230 million), flat with last year.

In the first six months of 2013, Reed launched 15 new events, primarily in emerging markets. According to the company, the U.S., Japan, Brazil and other markets grew well during the period, with the exception of Europe which saw modest growth.

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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