UBM anounces two thirds of profits come from events

UBM made 拢74.8 million from events in the first six months of this year marking 66.5% of its total profit, according to results released this morning.

David Levin expects further event growth
David Levin expects further event growth

The interim results show profit from events was up 29.6% in the six months between January and June 2012, excluding corporate costs.

The results come after UMB revealed in February that profit from events had

UBM bought Ecobuild a year ago and acquired four trade shows abroad in February. It expects an underlying growth for events of 12%-14% for 2012. In contrast, it expects its online and print marketing services to deliver growth of between 0%-2%.

David Levin, chief executive of UBM, said: "Our events portfolio performed very well with good attendee-led technology events in the US, an above-plan performance at Ecobuild in its first edition under UBM ownership, and strong results from our events in emerging markets, particularly in China."

He added: "While our business is trending positively, we are retaining our consolidated guidance as we are mindful of the uncertain external environment."

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