UBM Revenues Up 9 Percent, Profits up 11 Percent
August 1, 2011
U.K.-based B2B media group, UBM plc, released its results for the six months ended June 30, showing headline revenue growth of 9.1 percent, from £434 million last year to £474 million. Adjusted group operating profit grew 10.5 percent from £83 million to £92 million.
Revenues from UBM’s exhibition business grew 27.1 percent in the first half to £177 million and adjusted operating profit was up 41.8 percent to £58 million – which the company attributed in part to the acquisition of Canon events last year. Underlying annual revenues are up 13.6 percent in emerging markets, with particular success in India and China, the latter posting a 17.4 percent increase in underlying revenues. Emerging markets in total accounted for 30.2 percent of annual events revenues in the first half of 2011.
CEO of UBM, David Levin, said, “We’re pleased with the 6.4 percent underlying revenue growth, and particularly the 16 percent headline growth in Emerging Markets where we now generate almost 20 percent of our total operating profit. These positive revenue trends have driven healthy 10.5 percent growth in adjusted operating profit, an increase in our Group margin to 19.4 percent and were accompanied by strong cash generation.”
UBM completed four acquisitions during the first half for maximum consideration of £21.2 million. UBM also recently concluded the acquisition of U.K.-based organiser of Ecobuild for a cash consideration of £31.2 million and up to an additional £20.0 million of earn out.
Partner Voices
Dallas already boasts 35,000 hotel rooms, award-winning global cuisine, and a walkable downtown. But we are just getting started.
Visit Dallas is thrilled to announce that the city of Dallas is doubling down with a massive new convention center and entertainment district. Featuring 800,000 square feet of exhibit area, 260,000 square feet of meeting rooms, and 170,000 square feet of ballroom. The center will connect business travelers with dining and shopping options in the popular Cedars District means more places to get down to business, and even more ways to unwind.
“Dallas is already a great meetings and conventions destination, with the accessibility of two major airports, affordable labor, and an outstanding hotel product,” said D. Bradley Kent, Visit Dallas senior vice president and chief sales officer. “The new center and Convention Center District will enhance Dallas’ competitive position and are exactly what our customers’ need and have been asking for."
What’s New – AT&T Discovery District
Located in the heart of Downtown Dallas, this new district on the AT&T corporate campus is tailor-made for groups of all sizes. It boasts a multi-sensory experience, including outdoor event space, the AT&T Theater, and multiple dining outlets including JAXON Beer Garden and The Exchange, a bustling food hall.
Hotels Coming Soon
Names like the JW Marriott (Downtown), lnterContinental Dallas (Uptown), and Hotel Swexan (Uptown) are adding luxury amenities and bountiful event spaces. The projects will debut in 2023 and beyond.
JW Marriott
This new, 15-story, 283-room hotel will open in the heart of the city’s downtown Arts District this year. The property features a 25,000-square-foot grand ballroom, as well as a spa, restaurant, lobby bar, fitness center, and a rooftop pool deck and bar.
InterContinental Dallas
Located in Cityplace Tower in Uptown, InterContinental Dallas will feature sweeping panoramic views of the Dallas skyline. Guests will enjoy spacious, high-end rooms and amenities, including more than 21,000 square feet of event space.
Hotel Swexan
Hotel Swexan, a new, 22-story luxury property, is rising in Uptown’s Harwood District and will make its mark on the Dallas skyline. Opening this year, it is a sculptural building with cantilevered upper floors, as well as a 75-foot rooftop infinity-edge swimming pool and a hidden underground lounge.
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