UBM's Events Revenue up 2.7% in Q3

November 11, 2013

London-based B2B media group UBM plc released its interim results for the nine months ended 30th September 2013. The company posted revenues of £580.5million (US$940 million) in the period, a slight increase of 0.6% from last year. Adjusted operating profit in the first nine months of 2013 was £117.9million (US$191 million), a year-on-year 4.3% decrease.

Revenues from its events business in the first nine months of the year were £331.3million (US$536 million), up 2.7% over 2012. However, adjusted operating profit from events dropped 9.7% to £92.8million (US$150 million) in the period.According to UBM, five of its top 20 events were held in the quarter, where the company reported strong double digit growth of its Children-Baby-Maternity-Expo. Forward booking for UBM’s 2012 top 20 annual events are up 8.5% compared to last year.

David Levin, CEO of UBM, commented, “Our performance in Q3 continued the positive momentum we have seen develop through the year. Large events, notably our shows in China, have performed well, and we continue to expect good growth in Q4 boosted by strong biennial revenues. We have seen softer conditions in certain markets, mainly in Brazil and India, and have slightly reduced the number of new launch events originally scheduled for Q4.”

The uncertainties highlighted by the company’s management have seen the expected full year underlying revenue growth reduced to 3%-5%.

Add new comment

Partner Voices
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.