Thursday, March 09, 2006
Advanstar's 2005 results
Advanstar's 4th quarter and full year 2005 results have been released.
A brief summary: 2005 revenues were up 7% to $288.9 million. Operating income is up 34%, EBITDA is up 6% (to $74.5 million).
Major reasons for the revenue increases: 14% growth in shows and conferences, and a 24% growth in marketing services (which primarily reflects Internet revenue growth). Publishing was essentially flat on the year, but if a large decline in healthcare custom publishing revenues is discounted, publishing revenues grew 3% over 2004.
Proceeds from the sale of assets to Questex is included in the income figures.
Interesting facts:
Shows and conferences spin off a 55% contribution margin.
Marketing services delivers 34%.
Publishing's contribution margin is 31.4%.
Those are all good numbers.
I'm still a little unclear on how Advanstar will look when proceeds from asset sales and income from discontinued operations are excluded, but hope to learn more today.
UPDATE: See my next post.
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A brief summary: 2005 revenues were up 7% to $288.9 million. Operating income is up 34%, EBITDA is up 6% (to $74.5 million).
Major reasons for the revenue increases: 14% growth in shows and conferences, and a 24% growth in marketing services (which primarily reflects Internet revenue growth). Publishing was essentially flat on the year, but if a large decline in healthcare custom publishing revenues is discounted, publishing revenues grew 3% over 2004.
Proceeds from the sale of assets to Questex is included in the income figures.
Interesting facts:
Shows and conferences spin off a 55% contribution margin.
Marketing services delivers 34%.
Publishing's contribution margin is 31.4%.
Those are all good numbers.
I'm still a little unclear on how Advanstar will look when proceeds from asset sales and income from discontinued operations are excluded, but hope to learn more today.
UPDATE: See my next post.
