London — According to recently released 2017 financial results, Reed Exhibitions posted a 6% revenue growth of $1.49 billion for the year, up 1% from $1.42 billion in 2016. Among all RELX business areas, growth in exhibitions was the second highest, while adjusted operating profit of $385 million (+2%) was the lowest.
“The slight acceleration in revenue growth reflects our continued pursuit of organic growth opportunities, including launching 36 new events,” said RELX CEO Erik Engstrom. “We also completed five small acquisitions and piloted several data analytics opportunities. Europe, which represents around 40% of revenues, continued to see good revenue growth. The U.S., which represents around 20%, continued to see differentiated growth rates by industry sector. Japan and China grew strongly. And while Brazil remained weak, most other markets continued to grow strongly.”
Reach Amy Fischer at AFischer@reedexpo.com or (203) 840-4800