UK - Publisher and event organiser Daily Mail Group (DMG) has reported events revenues leapt 14 per cent year-on-year in the three-month period to 2 January 2011.
In the company’s interim management statement, revenue growth of 47 per cent was reported for DMG events, including the impact of the biennial oil show ADIPEC in November.
The company also reported strong growth in events serving the energy and digital marketing sectors, and from executive conferences organised by subsidiary Evanta.
“Trading in the first quarter has been in line with our expectations, despite our consumer businesses being hampered by the poor weather in December,” said DMG CEO Martin Morgan. “We remain cautious about the medium term outlook, given the external economic environment. Our focus will remain on investment to drive organic growth, while continuing to seek to improve operational efficiency and reduce debt.”
Total revenue for the group was £497m, up three per cent on last year.
Divestment of business led to a revenue decline of 37 per cent in the previous quarter.
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