REED Exhibitions See Slight Drop in Revenue for 2015. The owner of Reed Exhibitions, RELX Group have published their consolidated results, they show a small decrease in their overall revenues. Their hotly anticipated report is being looked on by large scale event organisers in the industry as a way of gauging the market ahead in 2016.
The report showed there was £857m worth of revenue in 2015, this was a 4% drop from their 2014 figure of £890m. This figure was somewhat predicted as 2015 has proved to be a year of ups and downs for event organisers globally.
Alongside the figures the report offered some insight in to why there was a decrease in revenue and their overall outlook for the industry. They wrote that, ““Growth in the US was strong, albeit slightly below prior year and growth in Europe was moderate, marginally ahead of prior year. Growth in Japan remained strong, driven by new launches and strong demand across our events. “China continued to see differentiated growth rates by industry sector. Revenues in Brazil reflected the general weakness of the wider economy. Most other markets continued to grow strongly.”
When discussing the revenue, the report said, “Exhibitions achieved strong underlying revenue growth in 2015, albeit slightly below the prior year, reflecting the macro economic environment….We expect the 2015 underlying growth trends to continue. In 2016 we expect cycling in effects to increase the reported revenue growth rate by around three percentage points.”
In 2015 Reed have launched 44 exhibitions and acquired 10 further events including event organiser Legend Exhibitions. This has been added to their already burgeoning event portfolio.
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