By Jaime Llinares Taboada
Hyve Group PLC said Monday that its third-quarter revenue for fiscal year 2022 demonstrated a full recovery on a pro forma basis, reflecting strong customer demand for in-person events.
The U.K. events company said that it ran all nine scheduled events in the quarter ending June 30, with the exception of three in Ukraine.
In addition, Hyve reported contracted revenue of 122.3 million pounds ($150.1 million) for the full year ending Sept. 30.
“The trends we saw emerge post-pandemic continue to hold true–in particular, our customers continue to spend more with us than before, demonstrating the huge value which in-person events offer and proving that our strategy of focusing on only market-leading events is paying off,” Chief Executive Mark Shashoua said.
Write to Jaime Llinares Taboada at jaime.llinares@wsj.com; @JaimeLlinaresT
