London-based exhibition organiser and publisher Haymarket Media Group made a pre-tax loss of £2.3m (US$2.97m) in 2018, compared to a profit of £10.2m the year before.
Turnover for the year to the end of June 2018, fell by £3.5m and earnings (EBITDAE) in 2018 were £200,000, down from £3m from the 2017 figure.
Haymarket Media Group chief exec Kevin Costello claimed the results underlined momentum in deploying the strategy of creating a balanced portfolio of diverse revenue streams in chosen markets.
“Seventy per cent of our revenues now come from digital, data and live activity. Our revenues are now equitably split 50% between the UK and the rest of the world,” he said.
He added that the group was now “effectively debt-free” and said for the first time since 1997 the company was not servicing any term debt.
Pictured above is Haymarket's Clothes Show, which missed its 2018 edition after being sold to SME London.
