This Just In
  • The power outage that disrupted CES for about two hours Jan. 10 was traced to a transformer “flashover” at the LVCC.
  • Hannover Fairs USA will launch the DOMOTEX USA floor-coverings show Feb. 28-March 2, 2019, at the Georgia World Congress Center in Atlanta.
  • RSAV has acquired Lanham, Md.-based Hargrove, Inc, expanding PSAV’s presence in the trade show industry.
  • Groundbreaking for Phase II of the Las Vegas Convention Center expansion took place Jan. 8, adding about 1.4 million square feet by 2021.
  • CES set a new show record of 2.75 million nsf of exhibit space when it opened Jan. 9, topping the 2017 record
  • Visit KC is looking for a new President and CEO because Ronnie Burt will step down Jan. 31 after settlement of a lawsuit.
  • CES experienced an opening day power outage at the LVCC affecting the Central Hall. South and North Halls reportedly were up and running.
  • A memorial service will be held Jan. 6 for Raymond Moriarity, 71, co-owner of Paradice Expo Services who died on Dec. 28.
  • A memorial service is pending for John Portman Jr., 93, founder of the company that became AmericasMart Atlanta. He died Dec. 29.
  • Shepard is acquiring Production Associates, an audio-visual provider based in the Washington, D.C., market.

UBM plc Announces Solid Financial Performance at Annual Meeting

Sandi Cain
, News Editor
May 17, 2017
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London— UBM plc, the largest B2B event organizer worldwide, announced financial results for the current fiscal year that reflect growth in some sectors and challenges in other areas.

UBM plc shares closed at £700 GBp ($541 US), down from a high of £757 GBp ($585 US) on March 30 but up from £516 GBp ($399) last May. In its announcement, the company said the performance was “in line with management expectations.”

Strong performance at events like the MD&M West, Enterprise Connect, Seatrade Cruise, Game Developers Conference and Hotelex & FineFood Shanghai offset mixed performance at spring fashion events, particularly in the U.S., the company said. In that sector, the company noted that growth in Sourcing and a positive launch of IFF Magic in Japan offset challenges in some U.S. fashion segments. The company also has announced that the Taiwan Jewelry & Gem show will be returning to Taipei this fall.

In light of the solid performance, UBM executives reaffirmed that its focus will remain on accelerating organic growth and driving further margin improvement across its 50 industry sectors going forward.

Reach UBM plc investor relations at (44) (207) 921-5023 or kate.postans@ubm.com

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