Friday, August 01, 2014

Reed’s exhibition revenues up 8% in first half

News this week: London-based media group, Reed Elsevier, reported its interim results for the six months ended 30th June 2014. The group’s revenues grew by 4% to £2.8 billion (US$4.9 billion), while excluding for biennial exhibition cycling, revenues were up by 3%. Adjusted operating profit in the period was £860 million (US$1.5 billion), a year-on-year increase of 5%.

In the first half of 2014, the exhibitions business generated revenues of £490 million (US$838 million), up 8% year-on-year, including 2% of positive biennial cycling and timing effects. Adjusted operating profit in the six-month period also rose by 8%, amounting to £152 million (US$260 million).

Reed’s management highlighted its operations in the U.S. and Japan as a result of strong demand across its portfolio of events in the U.S. and strong growth recorded in almost all of its major Japanese events. In the first half of the year, Reed Exhibitions launched 20 new events and completed two small acquisitions.

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