22nd Oct 2014 07:00
UBM PLC - Interim Management StatementUBM PLC - Interim Management Statement
PR Newswire
London, October 21
22 October 2014 Interim Management Statement Good Q3 performance in line with expectations - on track for the full year UBM plc today issues the following Interim Management Statement for the periodto 30 September 2014. UBM performed well in the third quarter, in line with the Board's expectations.While reported results will continue to be affected by currency movements,underlying performance remains on track for the full year with all threebusiness segments expected to deliver in line with the guidance given at thehalf year. Good underlying growth in the Events business was driven by the five Top 20shows which ran during the third quarter. Both Black Hat in the USA andChildren Baby Maternity Expo in China performed strongly and World Routesheld in Chicago and the September Hong Kong Jewellery & GemFair delivered goodperformances. Solid year-on-year growth was achieved by Furniture China. The focus in Other Marketing Services continues to be on aligning sustainableonline and print marketing services more closely with the Events business. PR Newswire generated solid underlying growth and good margins. Portfolio changes During the quarter we invested £7.4m in our Events business, acquiring SeatradeCommunications and the remaining 30% stake in Catersource. Strategy Presentation UBM will give a Strategy Presentation at the London Stock Exchange at 9amon Monday 3 November 2014. Contacts UBM plcPeter Bancroft Director of Communications [email protected] +44 (0) 207 921 5961Chantal Bradford IR Manager [email protected] +44 (0) 207 921 5943 BrunswickJon Coles [email protected] +44 (0) 207 404 5959Andy Rivett-CarnacCraig Breheny Notes to Editors 1. About UBM plc UBM plc is a leading global events-led marketing services and communicationscompany. We help businesses do business, bringing the world's buyers andsellers together at events, online and in print. Our 5,000 staff in more than20 countries are organised into specialist teams which serve commercial andprofessional communities, helping them to do business and their markets to workeffectively and efficiently. For more information, go to www.ubm.com; for UBM corporate news, follow us onTwitter at @UBM_plc and go to http://media.ubm.com/social for more UBM socialmedia options. Forward looking statements This press release contains statements which are not based on current orhistorical fact and which are forward looking in nature. These forward lookingstatements reflect knowledge and information available at the date ofpreparation of this press release and the Company undertakes no obligation toupdate these forward looking statements. Such forward looking statements aresubject to known and unknown risks and uncertainties facing the Groupincluding, without limitation, those risks described in this press release, andother unknown future events and circumstances which can cause results anddevelopments to differ materially from those anticipated. Nothing in this pressrelease should be construed as a profit forecast.
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