Home Shares UBM trading in line with expectations, shares broadly flat

UBM trading in line with expectations, shares broadly flat

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UBM trading in line with expectations, shares broadly flat

UBM (LON:UBM) confirmed it traded in line with forecasts in the year to date, despite challenging conditions in the US fashion sector.

The events organiser said major events like the Game Developers’ Conference, Enterprise Connect and Hotel Plus grew ‘strongly’, during the period, whilst CPhI North America, MD&M West, Hotelex & FineFood and Seatrade Cruise Global delivered ‘good’ growth.

Events in the US fashion industry performed in line with expectations, despite a challenging environment.

UBM is currently undergoing integration with rival Allworld, with performance in line with expectations. Allworld’s Food and Hospitality Asia event had delivered strong growth for UBM. Allworld is one of four bolt-on events businesses that were acquired for £20.2 million.

Shares in UBM are trading largely flat, down 0.015 percent at 989.00 (0919GMT).