RXGlobal, the world’s second largest exhibition organiser has reported trade show revenues grew 11% in 2024, to reach a figure of £1.23bn and adjusted profit came in up 31%. While the figures released 13 February are a double-digit increase, the post-Covid rate of growth has slowed from 30% in 2023 and 54% in 2022.

The financial results reflected the improved growth profile of the event portfolio and a favourable first half comparison to the prior year. Seven percent of the exhibition business’s revenues were categorised as ‘electronic’ in 2024.

The company said it continued “to make good progress on value-enhancing digital initiatives, with increased usage of a growing range of digital tools for the customers of our face-to-face events. The improvement in profitability reflects the structurally lower cost base of the streamlined event portfolio.”

In its 2025 outlook the company said it expected strong underlying revenue growth in exhibitions, with an improvement in adjusted operating margin over the prior full year.

CEO of RXGlobal’s parent organisation, RELX, Erik Engstrom (pictured), said the group had also delivered strong revenue and profit growth in 2024, with underlying revenues up 7% at £9.43bn and adjusted operating profit up 10%. “Our improving long-term growth trajectory continues to be driven by the ongoing shift in business mix towards higher growth analytics and decision tools that deliver enhanced value to our customers across market segments.”

Source: www.exhibitionworld.co.uk