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Reed’s First Half of 2014 Exhibition Revenues Up 8%

London-based media group, Reed Elsevier, reported its interim results for the six months ended 30th June 2014.  The group’s revenues grew by 4% to £2.8 billion (US$4.9 billion), while excluding for biennial exhibition cycling, revenues were up by 3%. Adjusted operating profit in the period was £860 million (US$1.5 billion), a year-on-year increase of 5%.

In the first half of 2014, the exhibitions business generated revenues of £490 million (US$838 million), up 8% year-on-year, including 2% of positive biennial cycling and timing effects. Adjusted operating profit in the six-month period also rose by 8%, amounting to £152 million (US$260 million).

Source:  Business Strategies Group Hong Kong  –  www.bsgasia.com

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