We continue to concentrate on the execution of our “Quickening the Pace” strategy, focusing on earnings per share growth, by investing in and strengthening our core businesses, in particular driving organic growth and adding value to our key brands through continuous innovation.
Forward bookings across the portfolio are strong and are currently 12% ahead of 2012 on a like-for-like basis adjusting for acquisitions and biennial events. Management remain confident of an excellent result for 2013.
Labelexpo Europe, the Group’s second largest event, took place in September in Brussels. It produced a like-for-like revenue increase of 11% and achieved excellent visitor attendance, improving 11% compared with its 2011 edition, outperforming all previous editions. Re-bookings for the 2015 exhibition of 86% were secured and on-site sales for other Labels events were strong.
The Dubai Airshow, the Group’s largest event and one of the fastest growing Airshows in the world, will be held later this month. Forward bookings are strong and the event is on track to be a record. In partnership with the Dubai Airports Corporation, the Airshow will be held in a new purpose-built venue at Dubai World Central. This world class facility will provide the industry with a unique window on the global aviation sector. The forthcoming show will be an important milestone in the development of the Dubai Airshow as the global meeting place for the aerospace sector.
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