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Thursday, May 04, 2006

Advanstar's Q1 2006 Results 

Advanstar has posted its Q1 2006 results, and shows strong year-over-year increases in revenues (+18%, to $106.6 million), net income (+145%, to $15 million) and EBITDA (+24%, to $39.3 million).

Primary drivers of the results:

The company's Fashion and Licensing segment (which includes the MAGIC show), increased revenues 18%, on the strength of the acquisitions of Project and POOL, as well as on increases in square footage, yield and sponsorships.

The Life Sciences group grew 7%, as the custom publishing segment bounced back (as promised) with a 104% increase over the same period last year.

The Powersports group also posted strong sales, up 14%

On the cost front, the company saw a 23% decrease in G&A costs.

What can I say? Joe Loggia's plans to focus the company on a few major markets and better align its cost and debt structure looks to be working just fine.


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