Robert Gray, Chief Financial Officer, UBM plc said: “UBM’s results for the first quarter were in line with our expectations. First quarter revenue reflects adverse currency movements, the phasing impact of events that ran in Q1 2013 running later in the year, and restructured marketing services.
Events forward bookings remain robust, and we expect good growth in the Emerging Markets and large US shows running through the balance of 2014. We’re getting traction in our reshaped marketing services offering, resulting in improved profitability. PR Newswire has made a good start on delivery for the year, and trends in the US are encouraging. Our guidance for 2014 is unchanged.”
