In contrast to last year's profitabilty study of the exhibition and event organisers market, this latest report revealed that the number of firms making a loss has dropped from 276 to 241.
David Pattison, senior analyst at Plimsoll, said: "When we examined profitability in the exhibition and event organisers market last year we found millions of pounds worth of profit being wasted. In our latest analysis it’s quite remarkable that so many companies have managed to rebuild their profitability during the worse trading conditions in recent memory."
Pattison also reserves special praise for the 168 companies that are leading this profitability renaissance with large profit returns.
He added: "These companies really are profit kings. While the average profit margin hovers around 3%, these companies are averaging 19%. To do so in a tight market is testament to how well these companies are managed."
Not all of the 725 companies Plimsoll analysed in its report have seen success, with 241 still making a loss, and 130 of these organisers doing so for the second and third consecutive years.
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