Trading Update

Released : 10-Nov-2016 07:00

RNS Number : 8004O
UBM PLC
10 November 2016
 

 

 

10 November 2016: For immediate release

UBM on track for the full year

 

UBM plc today issues the following trading update for the current financial year to date.

 

UBM has continued to perform in line with management expectations. Major events such as CBME, BlackHat, CPhI and ICSE performed strongly. Furniture China's performance was much improved, generating growth but some softness was seen in the third quarter fashion and jewellery events although customer sentiment at the shows was positive - highlighting their market-leading positions.

 

Both recent acquisitions (Content Marketing Institute and BJI) are performing in line with their business cases. The integration of certain BJI events into the September Coterie show in New York was very well received by customers and the synergies from the acquisition are coming through earlier than expected.  At the end of October UBM completed the acquisition of the Battery Show* for $13.8m

 

Good progress continues to be made in implementing the Events First strategy at an operational level. Overall the trading outlook for the full year is unchanged, with a small incremental FX benefit expected given the recent movements in exchange rates. 

 

 

 

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Contacts

 

UBM plc




Kate Postans

Head of Investor Relations and Corporate Communications

kate.postans@ubm.com

+44 207 921 5023





Brunswick




Jon Coles, Andy Rivett-Carnac, Craig Breheny

ubm@brunswickgroup.com

  +44 207 404 5959

 

Notes to Editors - About UBM plc

UBM plc is a leading global B2B events organiser. Running over 350 events per year, UBM is the largest listed pure-play exhibitions organiser globally. We help businesses do business, bringing the world's buyers and sellers together at events, online and in print. Our 3,500 staff in more than 20 countries are organised into specialist teams which serve commercial and professional communities, helping them to do business, and their markets to work effectively and efficiently. For more information, go to www.ubm.com; for UBM corporate news, follow us on Twitter at @UBM.

For more information, go to www.ubm.com; for UBM corporate news, follow us on Twitter at @UBM_plc and go to http://media.ubm.com/social for more UBM social media options.

 

Notes - About The Battery Show*

The Battery Show consists of three co-located events, which run in September in Novi, Michigan.  The events: The Battery Show, Electric & Hybrid Vehicle Technology and Critical Power Expo, serve the fast-growth energy storage sector and are highly complementary to UBM's advanced manufacturing portfolio.  The 2016 events generated combined revenues of approximately $4m.

 

Notes - About FX

Assuming $1.24 and €1.12 foreign exchange rates for the remainder of the year would imply full year average FX rates for 2016 of approximately $1.35 and €1.14.


This information is provided by RNS
The company news service from the London Stock Exchange
 
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