Friday, November 07, 2014

Reed Exhibitions interim revenue up 8%

News this week: Media group, Reed Elsevier, reported its interim results for the first nine months ended 30th September 2014. The group’s exhibitions organising arm, Reed Exhibitions, reported underlying revenue growth of 8% year-on-year, or 7% excluding biennial cycling.

Management highlighted the company’s shows in the U.S. and Japan remained strong. In China, strong growth continued in certain industry sectors with more modest growth recorded elsewhere. Reed Exhibitions’ overall revenue growth trends are expected to continue for the full year. Management expects the positive impact of biennial cycling to contribute around 2% to underlying revenue growth in 2014.

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