Reuters logo
Exhibitions organiser UBM's 1st-quarter revenue hurt by strong pound
April 29, 2014 / 6:20 AM / in 4 years

Exhibitions organiser UBM's 1st-quarter revenue hurt by strong pound

April 29 (Reuters) - Exhibitions organiser UBM Plc reported a 13.5 percent fall in first-quarter revenue, hurt by a strong pound and a subdued performance in all its three divisions - events, marketing and PR Newswire.

The British company, which earns more than 85 percent of its revenue in currencies other than sterling, said revenue fell to 163 million pounds ($274 million) for the three months ended March 31 from 188.5 million pounds a year earlier.

UBM, which organises exhibitions, trade shows and conferences, said adjusted operating profit from continuing operations fell 16.9 percent to 29.4 million pounds. ($1 = 0.5950 British Pounds) (Reporting by Noor Zainab Hussain in Bangalore; Editing by Gopakumar Warrier)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below