Emap chief looks for increase in visitors to Spring Fair

Twitter Facebook Google+ LinkedIn
Emap chief executive David Gilbertson tells EN he is expecting an increase in visitor numbers to Spring Fair 2010 which, he says, “is booking extremely well”.Despite Emap recently admitting a “significant doubt” over its finances should renegotiations on bank borrowing covenants stall, Gilbertson says exhibitions and conferences, part of the Emap Connect division, were “well placed with resilience in the portfolio”.Analysts have estimated Emap borrowings stand at £700 million.Private equity company Apax, joint owner (along with Guardian Media Group) wrote down the value of its investment in the group in March 2009 to zero, having bought Emap in March 2008 with GMG for £1 billion.Accounts for Emap released in September for the year to March 31 showed that Eden Bidco, Emap’s parent company, would risk breaching covenants if Emap’s profits fall “materially below the level seen in the first half of 2009”.Gilbertson tells EN, however,  the business is “comfortably trading within its banking covenants”, pointing out that Emap had earned £42 million in the six months to September 30, down just three per cent from last year.Gilberston picks out education and technology as particularly well performing parts of the Emap Connect portfolio, with 2010 editions of its Pure and BETT growing and more visitors expected at the 2010 Spring Fair.On the conference side, healthcare services had provided good results, said Gilbertson, with “softer tones” set in the construction conferences, while media was proving a tough sector for conferences. “It is,” says Gilbertson, a “mixed picture”.Emap has begun charging for access to its magazine websites.Another major publishing and event organiser Informa, meanwhile, issued a trading statement, 15 December, ahead of entering its close period on 1 January.The group “confirms that it continues to trade in line with management expectations for the full year ending 31 December 2009”. Full year results will be released on 2 March 2010.
Twitter Facebook Google+ LinkedIn

Related Stories

Elsewhere on EN

Mediatec UK merges with CT

Mediatec UK merges with CT

Creative Technology (CT) has announced that, following the acquisition of the company by NEP in January, the UK division of its sister company Mediatec will be merged with the company and rebranded.
AMR and Lippman Connects announce events conference

AMR and Lippman Connects announce events conference

Global events strategy consultancy AMR International and US-based event organiser Lippman Connects have unveiled Transform, a conference for data, analytics and digital in events.
CHS unveils local economic impact

CHS unveils local economic impact

The Conference and Hospitality Show (CHS) contributes over half a million pounds to the local economy, an economic impact study has found.

CONFEX 2017 LIVE

Most read Stories

And the #ENAwards finalists are…

And the #ENAwards finalists are…

The countdown timer has run out. After weeks of companies submitting award entries and sweating over it, there is just one thing left to do before the big night: Announce the shortlist.
EN Awards People Finalists revealed

EN Awards People Finalists revealed

The first group of the highly anticipated shortlist for the EN Awards has been announced, including Best Newcomer and Best Event Director categories.
Reactions from events industry following Britain’s vote to leave EU

Reactions from events industry following Britain’s vote to leave EU

As the UK has voted to leave the European Union with a 52 per cent majority result, EN has spoken to members of the exhibition and events industry, to gauge their initial reactions on the future of the UK and their businesses.

Latest Features

My Working Life by Richard Jarvill

My Working Life by Richard Jarvill

The managing director of JMT talks furniture and floorcoverings, his first foray into events and being an extra in a Brad Pitt film.
2 Minutes With Emily Shaw

2 Minutes With Emily Shaw

The new strategy director at FreemanXP talks rigour, empathy and Sharpies in all the colours of the rainbow.
The Wheel Deal

The Wheel Deal

What do you get when you cross a Hollywood film studio with a UK event organiser? A £25m deal and the launch of Fast & Furious Live of course...

Latest Galleries

MOI Global reigns supreme at agency bake-off

MOI Global reigns supreme at agency bake-off

B2B creative agency MOI Global triumphed at ExCeL London’s annual Great Agency Bake Off, which took place on 23 March.
London Book Fair 2017

London Book Fair 2017

From 14 to 16 March, more than 25,000 visitors from over 130 countries visited Olympia London for the 46th edition of The London Book Fair. A year of celebration, highlights included a tribute to The Wizard of Oz’s yellow brick road, the 20th anniversary of Harry Potter, 70 years of Indian independence and much more.
LondonEdge celebrates 35th show

LondonEdge celebrates 35th show

Alternative fashion show LondonEdge returned to the Business Design Centre on 12-13 February, celebrating its 35th edition.

Latest Opinions

This time, it’s personal

This time, it’s personal

Christine Martin, marketing director EMEA at GES, discusses how the live events industry can get ahead of the mass customisation curve.
The price of free speech?

The price of free speech?

RefTech’s Simon Clayton says letting speakers pay to host sessions might work once, but in the long term visitors will feel disappointed and duped.
Positive challenges ahead

Positive challenges ahead

Chris Criscione, ESSA board chair and managing director Equinox Design looks ahead to ESSA’s next decade.