UBM sees profit growth as exhibitions continue rebound

Exhibition firm UBM has posted an encouraging first quarter seeing profit increase by 18.6% to £44.6m.

UBM sees profit growth as exhibitions continue rebound
UBM sees profit growth as exhibitions continue rebound
In the same period in 2010 the company registered £37.6m profit.

The figures are an encouraging sign of regrowth in the exhibition industry, especially when coupled with the AEO’s annual The Facts report from last week.

UBM’s revenue also rose in the first quarter, reaching £237.7m from £209.1m last year.

"We are pleased with the performance of the business in the first quarter where we have seen good underlying revenue growth of 7.5% and we remain on track to meet our expectations for the full year," said UBM chief executive officer David Levin.

"As we said at the full year we expect the improved quality and shape of the business to result in sustained underlying revenue growth during 2011 broadly in line with the 5.6% growth enjoyed in 2010."

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