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
