ASX-listed B2B publisher Aspermont has recorded $2.3 million in event revenue for 2019FY, achieving 109 per cent year-on-year revenue growth.
Within the FY19, Aspermont attracted 1,596 attendees to their events, a growth of 61 per cent year-on-year.
The growth was achieved by delivering more events – five in FY19, as opposed to three in FY18 – and was driven by sponsor revenue.
|Number of events held||3||5||67%|
|Number of paid delegates||120||264||120%|
|Number of sponsors||64||117||83%|
|Total revenue||$1.1 million||$2.3 million||109%|
|Events division profit/loss||Loss||Profit|
Headquartered in the UK, Aspermont publishes for the mining, agriculture, energy and technology sectors, and has offices in Australia, UK, Brazil, North America and the Philippines.
In recent years, the company, which has a market capitalisation of $23 million, transitioned away from traditional print publications to focus on premium subscription-based print and digital content, and events. In 2017, the company established its wholly-owned events division.
Aspermont’s Australian-based events include Resource Stocks Sydney (conference and facilitated private investment meetings) and the Future of Mining Sydney (conference) – brand extensions of Aspermont’s Australia’s Mining Monthly, Minging Journal, Mining Magazine, and MiningNews.net publications.
The events are positioned as providing a global context to the Australian mining industry. Context and topics for the events are linked closely to Aspermont’s research arm Mining Journal Intelligence.
Managing Director Alex Kent said “The development of our Events division has been a strategic priority for Aspermont since we started this new business just over two years ago.
“I am delighted to report that in FY19 the business surpassed three significant milestones: we doubled revenues in a year, we had 1,596 attendees at our events, and the division moved into profitability.
“These achievements validate our unique integrated offering and bring growth momentum. Over the next few years we expect our Events division to continue to grow while enhancing the organic growth in our other business streams.”
For more information on its integrated publishing business, visit Aspermont’s website.