News this week: London-based, UBM plc has reported
its interim results for the six months ended 30th June 2012.
Revenues were up 7.3% from £474 million last year to £508.7 million in the
first half this year. Adjusted group operating profit rose 12.5% from £91.9
million to £103.4 million.
Online and print revenue
combined dropped 16% from £101.5 million to £85.6 million. Overall revenues
from business in emerging markets jumped 21% to £93.1 million, equivalent to
18% of total. On the company’s events business, operating profit was up 30% to
£74.8 million, contributing 67% of the group total. UBM also reported emerging
markets accounted for 31% of total event revenue in H1 2012 – of which 72% was
from China and 17% from South East Asia. Forward bookings for the company’s top
20 events were up 13%.
In total, UBM reported
the completion of seven acquisitions in H1 for an expected consideration of
£26.6 million, of which, five acquisitions were related to events and
contributed £4.7 million to H1 revenues.
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