WORLD - Reed Elsevier has reported that its exhibition arm revenue increased 12 per cent based on figures adjusted to soften the impact of biennial shows.
In its interim management statement for the nine months to 30 September 2011, the firm said it has seen good growth in space sales and from new launches.
The statement added that forward booking trends remain strong, but the company remains cautious in its view of the economic environment.
If biennial show cycling was removed, the exhibition division revenue fell one per cent in 2011.
Overall, the company posted a revenue growth of one per cent.
In 2010, Reed Exhibitions posted a nine per cent increase to £693m, while operating profit rose from £158m, up from £152m.
“The recent uncertainty in the macro-economic environment has had a limited impact on some of our more cyclical businesses with only a marginal effect on our overall results to date,” said Reed Elsevier's CEO Erik Engstrom.
“We have continued to strengthen the fundamentals of our business through reshaping the portfolio, investing in our market positions and driving process efficiency.”
Earlier this week, The Association of Corporate Travel Executives (ACTE) and Reed Travel Exhibitions’ Gulf Incentive, Business Travel and Meeting Exhibition (GIBTM) announced a strategic partnership.
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