Over the past few weeks some of the major events companies have produced their half year results detailing the achievements to this point and the outlook for the rest of the year.
Let’s take a look at some of them:
Following on from their positive 2014 end of year results, Informa have announced a further increase in revenues by 8.6%
The acquisitions of Hanley Wood, Virgo Group and Orlando MegaCon as part of their growth strategy seems to be proving successful as the business’s exhibition portfolio has emerged as the exemplary performer in this set of results.
The exhibitions arm accounted for 27% of group revenue with revenue up to £168 million for this first half of the year – an increase of 38%.
Our event industry survey touched on the importance of acquisitions as a tool for growth and the strength of Informa’s results seems to be suggesting that building strong event portfolios in this manner is the key.
For more on Informa’s results click here
The current Russian and currency market has affected ITE Groups results as they experienced a slight dip in profits.
The results seem to be in line with the group’s strategy as they look to diversify their events portfolios to other markets; namely India and Africa.
In India, ITE have acquired the PALM Expo and Music Expo from Diversified Communications and in Africa they have taken on the successful Africa Oil Week.
With event professionals predicting that Africa will be the main area for growth in many of ITE’s markets the group look well placed to deliver strong results for the rest of the year and in to 2016.
For more on ITE’s results click here
dmg events and Euromoney
dmg events saw strong performances from their Big5 and ADIPEC exhibitions but saw revenues decline in their half year results by 11% compared to the same period in 2014. This is purely due to the absence of the Gastech event which occurs in October this year.
Euromoney saw a small increase in revenue, driven by its subscriptions which increased by 2% and accounted for just over half of the total revenue for the business.
UBM’s revenue for the first half of 2015 has risen by 26.5% but the company has reported a dip in profits from £75.8m to £47.6m. They have also recently announced the cancellation of a number of events to focus on their key products.
Despite the results, the UBM management team remain optimistic outlining their growth in emerging markets and the boost gained by their acquisition of Advanstar.
For more information on the results click here
RELX Group (Parent Company of Reed Exhibitions)
The parent company of Reed Exhibitions has announced that its exhibitions arm recorded revenue of £493 million in the first half of 2015, slightly down on 2014. The slowdown in the Brazilian economy saw a drop in revenue from the region but the group saw significant growth in Japan.
For more information click here
i2i Events (Top Right Group)
The Top Right Group’s financial results for 2014 have been released – and they see a growth of 15%.
The largest business within the group, i2i Events, saw a 14% growth reporting revenues of £141.5million. As well as developing their existing Broadcast & Environment, Retail & Fashion and Education portfolios, the group’s acquisition of the highly coveted Money 20/20 event ensures an exciting 12 months for the company.
The business also saw growth from its subscription and information services such as Retail Week and WGSN which mean a growth in headcount by 8.6% across the business.