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Thursday, August 18, 2005

Advanstar's Q2 Results 

Second quarter results for Advanstar have been posted here.

Interesting factoids:

* Advanstar used portions of the proceeds of the sale to Questex to retire about 25% of its debt. That makes sense, but leaves Advanstar in about the same position debt-ratio-wise, since they also sold off about 25% of their revenues.

* Q2 revenues for the remainder of Advanstar declined about .4% year-over-year, due to softness in its Life Sciences Group, but are up 3.3% when comparing the first six months of 2005 to the first six months of 2004.

* Questex looks to have some challenges facing it. According to Advanstar, the revenues from the properties it sold to Questex for the first six months of this year were $49 million, compared to $57 million for the first six months of 2004 (-14%).

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