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CORPORATE NEWSIssue 2 | 2012 www.6exhibition-world.netReed Exhibitions highlighted good growth across annual exhibitions in emerging markets but some slowdown in Europe in its latest interim management report.In its fi rst quarter statement, the company reported strong results across annual events in North America, Asia and Latin America, but said growth had been at lower levels year-on-year across Europe. The fi rst quarter benefi ted the most from net cycling of biennial events. Over the fi rst quarter, Reed completed its buyout of Brazilian joint venture Alcantara Machado and made smaller acquisitions in Brazil, including Equipotel and the Santos Offshore Oil and Gas Expo.The company also purchased a majority stake in clean energy exhibition All-Energy Australia for an undisclosed sum.In Turkey, organiser Tuyap is selling half of its company to Reed CEE GmbH Austria. Tuyap operates fi ve venues in Turkey, home to major international events including BolognaFiere's Cosmoprof beauty exhibition and the Istanbul Autoshow."The Q1 trends, with good growth in most annual shows, are expected to continue," a statement read. "The positive impact of biennial cycling in 2012 will be particularly apparent in the fi rst half."In Asia, UBM's CPhI (Convention on Pharmaceutical Ingredients) is expanding with a new event in Jakarta on 10-12 May.CPhI South East Asia takes place at Jakarta International Expo, organised by UBM Live and UBM Asia. The event aims to cover the entire South East Asia region, which it claims is a high-growth market for the pharmaceutical industry.Subsidiary UBM Live is launching a new edition of its food ingredients (Fi) trade exhibition in Turkey in 2013 as part of plans EUROPEAN GROWTH SLOWS FOR REED, UBM SHOPS IN ASIA, ITE RETURNS TO UKRAINE WORLDto grow its global portfolio of food-based events. Fi Istanbul will be held from 7 to 9 May 2013. UBM also announced a string of trade show acquisitions during Q1 including three Asia-based events and a peripatetic airport cities expo in the US.At the top of the shopping list was export-oriented furniture trade show the US$3.16mThe amount ITE expects to make from Intercharm and Beautyexpo by AugustMalaysian International Furniture Fair held annually in Kuala Lumpur. The show was privately owned and its founder and 16 employees will now join UBM Asia. Last year's event generated RM20m ($US6.6m).According to UBM, the event attracts 20,000 visitors, 40 per cent of which are from overseas, and will sit alongside UBM's Furniture China show in Shanghai, the Index fairs in India and Interiors in the UK.UBM's consolidated net debt stood at US$809m as at 31 March.ITE Group has has also been seeking acquisitions, picking up Kiev-based exhibition organiser BeautexCo from BCI R&R for an undisclosed sum. BeautexCo runs two annual trade exhibitions for the professional beauty trade and cosmetic and aesthetic medicine industry in the Ukraine. Intercharm and Beautyexpo are forecast to generate revenues of US$3.16m in the year to 30 September. ITE Group said Beautex had nil gross assets on acquisition but was expected to enhance its earnings in the 2012 fi nancial year.In China, Tarsus Group has conditionally agreed to acquire 50 per cent of the China auto aftermarket trade fair GZ Auto."The South East Asia region is an exceptional example of a 'pharmerging' market," - MD of UBM Asia (ASEAN Business), M Gandhi

CORPORATE NEWSwww.exhibition-world.net Issue 2 | 20127UNITED KINGDOMEMAP EVENT BUSINESS REBRANDED I2I AS PART OF GROUP RESTRUCTUREUK-based media group Emap has announced a major restructure that sees its business operations split and rebranded into three distinct operating companies covering events, information services and publishing.Emap Connect, the exhibition, large-scale conferences and events division that accounts for 44 per cent of the total group's turnover, has been rebranded i2i Events Group with a focus on global growth. It is led by Mark Shashoua (pictured) who was appointed MD of Emap Connect last November.Emap as a whole has been rebranded to Top Right Group to refl ect the structural change and the organisation's long-term growth and high performance aspirations, the company said in a statement. Media commentators have also pointed out the restructure paves the way for a potential sell-off of any one of the three divisions.Emap was acquired by Eden Bidco, a joint venture between Apax and Guardian Media Group, in 2008.Its information services business, including WGSN and Customer Insight, will now be known as 4C Group. Former Thomson Reuters global head of exchange traded instruments, Stephen Wilson, joined 4C in April to lead the business. The Emap brand has been retained by the group's now standalone publishing and associated events business, led by Natasha Christie-Miller.ASIAGlobal Sources grew its revenue in the fourth quarter of last year by 17 per cent, a result driven by a 20 per cent rise in online business and growth in exhibition revenue.The company, organiser of the Gift and Premium Trade Shows at Hong Kong's AsiaWorld-Expo (pictured), recorded good performances at its exhibitions, matched by a strength in its online products and services.Global Sources exhibitions revenue for the fourth quarter was US$35.5m, compared GLOBAL SOURCES Q4 REVENUE UP 17 PER CENTwith $29.9m for 2010, while online revenue rose to $30.5m from $25.5m.Total revenue for the fourth quarter of 2011 was $74m, up on the 2010 fi gure of $63m and inclusive of $6.4m in print revenue. In keeping with its global strategy, revenue from mainland China accounted for $59.6m of this fi gure, up $48.9m on 2010."We had a good quarter driven by continued strength in our online and exhibition businesses," said Global Sources executive chairman Merle Hinrichs. "Looking to the fi rst half of 2012, we expect the challenging economic environment to impact our growth. However, despite the soft economic outlook we are optimistic on several fronts." Hinrichs added that exporters need to identify new buyers and open new markets and that the company has been "aggressively" building its buyer community in emerging markets.AUSTRALIATENDER PUT OUT FOR SYDNEY REDEVELOPMENTThe Premier of Australian state New South Wales has announced the tender for the Sydney International Convention, Exhibition and Entertainment Precinct.The tender confi rms the functional brief and development timelines for the new precinct, which will see the existing Sydney Convention and Exhibition Centre close in late 2013 and new facilities open in 2016.The proposed facilities include 40,000sqm in exhibition space, fl exible plenary spaces with a combined capacity of at least 10,000 delegates, and banqueting facilities for a minimum of 4,000 people. Facilities would also cater to sporting, musical and theatrical events for at least 12,000 people, a hotel and retail area.EUROPECENTREX TO ATTRACT YOUNGER GENERATION International exhibition statistics union Centrex has launched a new initiative for university and business school students.The Central and East European exhibition organisation's new 'Call for Papers' invites students to take part in an international competition on the future of trade fairs, gaining an assessment from the younger generation on how it sees, conceives and imagines trade shows will develop by 2020 and beyond. The initiative involves students from institutes in Centrex member countries, which comprise Czech Republic, Slovakia, Poland, Romania, Hungary, Bulgaria and Ukraine. A spokesman said the initiative is hoped to promote "familiarity, acceptance and deployment of fair visits as part of life".3,600The number of stands at Global Sources' spring electronics fairs, up 19% on 2011