This Just In
  • Messe Frankfurt acquired the Thailand Lighting Fair and Thailand Building Fair. Messe has been with the shows since they launched in 2015.
  • JW Marriott will open the 4,000-room Drew Las Vegas in 2020 at the site of the stalled Fontainebleau hotel project on Las Vegas Blvd.
  • Denver OK’d contracts for a $233-million expansion featuring an 80,000-sf rooftop ballroom and terrace at the Colorado Convention Center.
  • The latest numbers rank NAMM’s 2018 show the largest in its 117-year history with more than 115,000 attendees and nearly 2,000 exhibitors.
  • The deadline for nominations for Trade Show Executive’s Trailblazers Awards has been extended to March 16. Got to TSE Events for info.
  • International Assoc. of Amusement Parks and Attractions President and CEO Paul Noland has resigned. CFO Hal McEvoy steps in temporarily.
  • The Aria Resort & Casino $170-million expansion in Las Vegas adds 200,000 sf of flex meeting space, raising total space to 500,000 sf.
  • Gary Musich announced his retirement as Vice President of Sales for Meet AC effective March 2 after 25 years representing Atlantic City.
  • The San Diego Convention Center named ON Site, a GES company, its exclusive sound and rigging vendor and preferred audio visual provider.
  • Board members of UK-based UBM have accepted an offer from Informa for a reported 3.8 billion pounds ($5.3 billion).

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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