skip to content

Interim Results

UBM revenues rise 8.3% after Allworld acquisition

28 July 2017 07:58

B2B events organiser UBM (UBM) grew first half revenues by 8.3% on a constant currency basis to £448.4m, driven by an acceleration in organic growth and its acquisition of Allworld.

The acquisition resulted in strong revenue growth in China, India and South East Asia.

Underlying events revenue growth was 2.7%, compared with 1.3% the previous year.

The adjusted operating profit rose by 19.6% to £111.7m, with the operating margin improving by 0.3%.

Tim Cobbold, CEO of UBM, said the business is well positioned for stronger organic growth and further margin progression in the second half when it runs many major annual events.

"While conscious of global macro-economic and geopolitical uncertainties, we are confident in the quality of our portfolio and the outlook for the year is therefore unchanged. As a result of continuing operational improvement and strong cash flow generation, the full year dividend is likely to grow at a faster rate than in recent years. Ahead of the full year results the board will review the dividend policy for future years," he said.

Story provided by StockMarketWire.com

Related Company: UBM

Info Point:

To buy or sell shares call our Dealing Room on 0113 243 6941.

Too much jargon? Our glossary will help make sense of things.

Find out more about our Share Dealing Services.

Client Area Access

» Secure Login

» Not registered yet?

-

Branch Finder

Redmayne-Bentley have High Street branches throughout the UK. Find your nearest branch.