UBM Revenue up 9 Percent in 2011

March 5, 2012

London-listed media company, UBM, released its full-year results for the year ended 31st December 2011. UBM’s revenues were up 9.3 percent year-on-year from £889 million to £972 million. Adjusted group operating profits increased 18 percent from £172 million to £202 million.

Revenues from the company’s events business, which accounted for more than 40 percent of overall revenue, were up 28% year-on-year at £397 million, compared with last year’s £310 million. Adjusted group operating profits increased from £93.5 million to £135 million, up 45 percent. The company also highlighted growth that was driven by the positive biennial effect, where biennial events revenues jumped 96 percent last year.

UBM continues to report strong performances from its businesses in emerging markets. Revenues generated from these markets increased by more than 24 percent. In particular, revenues generated in China (£146 million) surpassed Europe (£143 million) for the first time.

David Levin, UBM’s CEO, commented, “These results are the fruit of our consistent strategy to focus on providing marketing, communications and data services, in winning formats, to thriving business communities. Our Emerging Markets revenues grew by more than 24 percent during 2011 and contributed just under a third of our overall profits: in 2011 we generated more revenue in China than in Europe for the first time. Our Events business performed particularly well and 1.7 million people attended UBM events in 2011, up from 1.3 million in 2010 with profits growing by 45 percent.”

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MGM Resorts is committed to fostering an inclusive and diverse culture, not just among employees and guests but also within its supply chain. The company prioritizes procuring goods and services from businesses owned by minorities, women, veterans, people with disabilities, LGBTQ individuals and those facing economic disadvantages. This commitment is integral to MGM Resorts' global procurement strategy.    Through its voluntary supplier diversity program, MGM Resorts actively identifies and connects certified diverse-owned suppliers to opportunities within its supply chain. The company is on track to spend at least 15% of its biddable procurement with diverse-owned businesses by 2025, demonstrating that supplier diversity is not only a social responsibility but also a strategic business imperative.    Supplier diversity isn’t just the right thing to do – it’s good for business. A diverse supply chain allows access to a broader range of perspectives and experience, helping to drive innovation, entrepreneurship and resilience, while strengthening communities. At MGM Resorts, engaging diverse suppliers ensures best-in-class experiences for guests and clients. Supplier diversity ensures a more resilient supply chain while supporting economic development in the communities in which it operates.   The impact of MGM Resorts' supplier diversity initiatives is significant. In 2023, these efforts supported over 3,500 jobs across more than 30 states, contributed over $214 million in income for diverse-owned businesses and generated more than $62 million in tax revenue. The story extends beyond the numbers – it reflects the tangible benefits brought to small and diverse-owned businesses, fostering economic empowerment in their communities.    MGM Resorts also supports the development and business skills of diverse-owned businesses through investment, mentorship and education. Through the MGM Resorts Supplier Diversity Mentorship Program, the company identifies, mentors and develops diverse-owned businesses to fill its future pipeline, while providing businesses with tools and resources to empower and uplift. Since 2017, the program has successfully graduated 105 diverse-owned businesses and is on track to achieve its goal of 150 graduates by 2025.     MGM Resorts’ commitment to supplier diversity not only enhances its business operations but also plays a crucial role in uplifting communities and fostering economic development. This approach reinforces the idea that diversity is a powerful driver of innovation and resilience, benefiting both the company and the wider community.   
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