Company Overview
Gateway House
28 The Quadrant
Richmond, TW9 1DN
United Kingdom
Founded in 1960
Key Executives
Key developments for Reed Exhibitions Ltd.
Reed Exhibitions Ltd. announced earnings results for the year ended December 31, 2008. For the period, the company reported revenues were up 23% to £707 million from £577 million in 2007. The adjusted operating profit was £183 million compared to £139 million for the same period a year ago. The operating profit from continuing operations was £123 million compared to £106 million in 2007.
Reed Exhibitions Ltd. has said that it will acquire at least 12 new brands over the next three years in India at an investment of $50 million. "Our target is to acquire at least four exhibition brands each year and we are progressing in this direction. The company has lined up an investment of USD 50 million in the next three years to acquire different brands in India as it plans to make the country its business hub," said Reed Exhibitions India COO and Director Mandeep Singh. "We plan to acquire at least four exhibition brands this year. In fact, three will be acquired by mid-March," he added declining to divulge further details. He noted that the company would also invest in improving facilities of the exhibition halls to make it world-class.
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