17th May 2017 07:00
17th May 2017
UBM on track for the full year
UBM plc today issues the following trading update for the current financial year to date.
UBM has performed in line with management expectations and the outlook for the full year is unchanged.
As expected, the performance at the spring fashion events was mixed, with good growth in Sourcing and a successful launch of IFF Magic in Japan offsetting some of the challenges in the other US fashion segments.
Elsewhere in the portfolio, MD&M West, Enterprise Connect and Seatrade Cruise delivered good growth, the Game Developers Conference was solid and both phases of Hotelex & FineFood in Shanghai grew strongly. The Allworld integration is progressing well and performance is in line with the business case. FHI in Jakarta showed strong growth. The sales excellence roll-out in EMEA is nearing conclusion and the roll-out in Asia has begun.
The pipeline of bolt-on acquisitions continues to be good. During the period we acquired a small Turkish event in the lighting segment at an attractive multiple.
UBM's focus remains on accelerating organic growth and driving further margin improvement in line with the Events First strategy.
- Ends -
Contacts
UBM plc | |||
Kate Postans | Head of Investor Relations and Corporate Communications |
| +44 207 921 5023 |
Brunswick | |||
Caroline Daniel, Craig Breheny, Imran Jina | +44 207 404 5959 | ||
Notes to Editors - About UBM plc
UBM plc is the largest pure-play B2B Events organiser in the world.
In an increasingly digital world, the value of connecting on a meaningful, human level has never been more important. At UBM, our deep knowledge and passion for the industry sectors we serve allow us to create valuable experiences where people can succeed. At our events people build relationships, close deals and grow their businesses.
Our 3,750+ people, based in more than 20 countries, serve more than 50 different industry sectors - from fashion to pharmaceutical ingredients. These global networks, skilled, passionate people and market-leading events provide exciting opportunities for business people to achieve their ambitions.
For more information, go to www.ubm.com; for UBM corporate news, follow us on Twitter at @UBM.
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