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page 100 Issue 8 | 20115 EDITORIALMANAGING EDITORNadia Cameronncameron@mashmedia.netEDITORAntony Reeve-Crookarc@mashmedia.netSENIOR REPORTERMike TrudeauDIGITALONLINE EDITORSarah O'Donnellsarah@mashmedia.netSALESADVERTISING MANAGERCraig Nickeas PUBLISHER Liz AgostiniPRODUCTION AND DESIGNPRODUCTION MANAGER Luke SpaldingDESIGNSarah GarlandPRODUCTION ASSISTANTJulia BallCONTACT USSUBSCRIPTIONS020 8971 8269EDITORIAL020 8971 8292SALES020 8971 8265PRODUCTION020 8971 8272Exhibition World is published by Mash Media, 4th Floor, Sterling House, 6-10 St Georges Road, Wimbledon, London SW19 4DP. tel: +44 (0)20 8971 8292fax: +44 (0)20 8971 8283email: info@mashmedia.netUFI: Lili Eigl email: lili@ufi .org tel: +33 (0) 1 42 67 99 12Views expressed are not necessarily those of the publishers. No part of this publication may be reproduced without the express written permission of the publishers.Printed by Pensord Press Ltd.The contents of my inbox made for much easier morning reading in August. Gone were the tales of loss, postponement and downturn I'd grown accustomed to and in their place came news of acquisitions, launches or spikes in attendance at shows I'm even now surprised to hear still exist. The months of austerity, it seemed, had been brought to a close for many of us and we headed into the second half of the year with a skip in our step. M&A activity was sparking again as offers included more reasonable multiples, and those of us in countries where the government holds the keys to the venues began seeing increased support from the public sector. Organiser confi dence was climbing and portfolios were being built up or streamlined into shape.However no sooner had we all returned to the table than the familiar whispers of concern began to circulate. Ongoing fi nancial fragility and blanket media coverage of national downgrades by credit rating agencies Moody's and Standard & Poor's was tainting the feast.The United States' fi nancial dependence on its two largest borrowers China and Japan and their subsequent sensitivity to wobbles in the federal budget, coupled with uncertainty in oil and energy provision resulting from the Arab Spring and the widening schism in the Eurozone, had many economists battening down the hatches.But the industry was not about to be caught fl at-footed a second time. Concerted efforts were made to take control of our own destiny.Look at the associations. With a 120-page Delphi Study being unveiled at its 78th annual congress in Valencia, UFI is providing expert opinion from the regions and roles that comprise our industry in an effort to predict the shape of the international exhibition industry in 2020.In the US, exhibition companies Freeman, Gaylord Entertainment, the ASAE Foundation, Exhibition Industry Foundation and PCMA Education Foundation have united to fund their own initiative. The Future Meet project, being conducted in collaboration with Insight Labs and Manifest Digital, hopes to draw a new model for future exhibitions and trade events within the context of widespread digital media. The old model, the group claims, expired with the advent of the Internet and digital social media. It's a subject continued in one of the more unconventional interviews we've run in this magazine, with the celebrated theoretical physicist and futurologist Michio Kaku looking beyond existing technologies to explain how emerging technologies will impact exhibitions. Of course prediction alone won't nourish us if economic downturn again drains the water from the well. Action needs to be taken to promote the effi cacy of our medium. Which is why we've highlighted the efforts of CBBS, CEFA and Centrex in their campaign to bring more SMEs into eastern Europe's exhibition fold. I look forward to more examples of your enterprise at UFI's congress in Valencia.EDITOR ANTONY REEVE-CROOK arc@mashmedia.netTwitter: ExhibitionWorldAntony Reeve-CrookTHE INDUSTRY WON'T BE LEFT FLAT-FOOTED A SECOND TIME

CORPORATE NEWSIssue 8 | 2011 www.6exhibition-world.netThe Daily Mail and General Trust (DMGT) has reported a 20 per cent surge in revenue from its business-to-business events division, DMG Events.The 20 per cent rise to US$200m includes the impact of this year's additional biennial shows, Gastec and Adipec. Underlying revenue for DMG Events was up 14 per cent, including the organiser's largest recent event, the summer New York International Gift Fair in August, which is part of the recently sold George Little Management portfolio. The announced rise in B2B events revenue in part counteracted a three per cent drop in the company's consumer business revenue. Overall DMGT revenue for the period was up one per cent to US$2bn.Basel-based exhibition organiser and venue operator MCH reported a commercially satisfying fi rst half of 2011, with exhibitions business making up almost three-quarters of company income.Although operating income and profi t were below those of the previous year, MCH says this is due to a less busy exhibition schedule with the absence of Swissbau.Overall group profi t for the period of 1 January to 30 June 2011 was CHF25.2m (US$32m), a drop of CHF13.4m year-on-year but an increase of almost CHF10m compared to the same period in 2009.Exhibition business accounted for 73.3 per cent of total group income, down from 78.7 per cent in 2010 and 76.4 per cent in 2009. This is due to signifi cant rises in income from the company's event services division, which produced revenue of CHF46m this year compared to CHF39.1m in 2010 and CHF35.9m in 2009.EasyFairs has reported an increase in revenue of almost a third for its 2010-2011 EUROPEANS SEE A RETURN TO FORM AS BIG PLAYERS RESHUFFLE THEIR DECKSWORLDfi nancial year thanks to increased market uptake and product development.The company, known for its cost-effective trade fair model, exceeded its own expectations with revenue of ?35.7m (US$49.3m) for the year ending 30 June 2011, representing an increase of 28 per cent on the previous year's revenue 50,000,000 Easyfairs' projected revenue in Euros by 2014, achieved through organic growthof ?27.9m. Acquisitions in the past 12 months included the Spanish-based OMExpo and E-commerce Spain shows for an undisclosed sum.Tarsus has sold its majority stake in French exhibition Modamont SAS to joint venture partner Premiere Vision for ?6.1m ($8.35m) as part of a strategic plan to shift away from traditional mature markets and derive 50 per cent of total revenues from faster-growing emerging markets by 2013. Modamont is a biannual exhibition for the fashion accessories market and runs every February and September at the Paris Nord Villepinte. ITE Group posted total revenues for its events in the last quarter of around £21m (US$32.6m), a 17 per cent improvement on last year's performance on a like-for-like basis. The group booked £68m of 2012 fi nancial year revenues by 30 September 2011, representing 42 per cent of current market expectations for the period. ITE said the Moscow International Motor Show grew 20 per cent to 15,000sqm while Worldfood Moscow grew nine per cent to 22,800sqm. Revenues for the full year are now expected to be circa £154m."The economic framework conditions are a key factor for our success, since the event-marketing business is highly dependent on the economic climate," - MCH CEO René Kamm