Tag: Hyve

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Events group Hyve to sell Ukrainian business in management buy-out

Events group Hyve to sell Ukrainian business in management buy-out

July 19 (Reuters) – British exhibitions group Hyve (HYVE.L) said on Tuesday it is selling its Ukrainian unit to a group led by Anatoly Sushon, the Ukrainian business’ managing director, as events in the country continue to be on hold following Russia’s invasion.

Hyve said it would receive up to 3 million pounds ($3.59 million) from the sale, which will be paid annually until September 2027 based on the Ukrainian operations’ profitability.

($1 = 0.8354 pounds)

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Reporting by Muhammed Husain in Bengaluru; editing by Uttaresh.V

Our Standards: The Thomson Reuters Trust Principles.

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Hyve Sees Full Revenue Recovery as Demand for In-Person Events Returns

Hyve Sees Full Revenue Recovery as Demand for In-Person Events Returns

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