UBM upbeat as large event growth offsets blips

ubm-logoThe events organiser, which hopes to conclude the sale of its PR Newswire and Agility businesses in coming weeks, said performance since the start of the year had been in line with management expectations. Larger events continued to drive performance, most notably Game Developers Conference, MAGICVegas, Enterprise Connect, MD&M West and Hotelex/FineFoods, UBM said.

Other marketing services performed in line with expectations, and the Advanstar business continues to perform ahead of its acquisition case, while integration of the recent Business Journals acquisition is underway. On the downside, Ecobuild revenue declined owing to the previously flagged challenges facing the UK solar industry, which has been hit by the withdrawal of government subsidies for the solar industry. Also some smaller shows, particularly in the jewellery sector, “are seeing some weakness”.

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