Ashfield Meetings & Events Ltd (part of UDG Healthcare plc) has provided UK end of year financial results to Companies House, which details three key points for the global healthcare event management agency. 

  1. Year-on-year turnover is consistent with previous years (£28.2m in FY2018 versus £28.4m in FY2017).  
  2. Creative and production teams were upsized in FY2018 to support increased interest from healthcare clients using Ashfield’s full-service live event experience capabilities. This includes the business’s increasingly successful Exhibits division, which recently received industry recognition winning silver at the World Exhibition Stand Awards. 
  3. Operating profits increased by £1.3m including foreign exchange gains. Ashfield Meetings & Events is proud of the global delivery coverage and work with clients to source venues in the best possible location to maximise benefits for client events. Events are frequently outside the UK causing currency fluctuations in operating profits.

“Overall we are extremely pleased with our end of year results as they accurately reflect our business strategy,” commented Global MD, Nicola Burns. “Clients are increasingly recognising the strength of our creative services, production and exhibit offerings, as well as our outstanding logistics support which is more well-known in the industry. Further investment in our in-house expertise was vital, particularly as we have won and been shortlisted for several industry awards this year as a result of our full-service capabilities.

“We’re keen to build on this success and momentum to broaden our new and existing client partnerships in the future.” 

Highlights of the Ashfield Meetings & Events results for FY2018:

 FY2018FY2017Variance (+ upside. – downside)
Turnover£28,248,091£28,394,283-£146,192
Gross Profit£7,157,945£5,744,716£1,413,229
Operating Profit£3,036,460£1,688,902£1,347,558
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Molly joined the editorial team in March 2019. She has several years’ experience working in broadcast and journalism, as well as marketing and PR. Past experience includes working for the BBC and independent publishing houses. If you have a story you think Molly might be interested in, please email: molly@eventindustrynews.com