Hyve Group has revealed a 60% revenue rise for 2024, with 17% of its $316m proforma total for the year organically grown.
The organiser cited the launch of Shoptalk Fall, the scaling of its meeting programmes and the strategic acquisitions of HLTH and Miami-based marketing event, POSSIBLE (pictured) as key contributors to its strong financial performance.
“It has now been eighteen months since Hyve became a private business and in that time, we have accelerated our growth plans. With a proven strategy, we have continued to deliver game-changing impact for our customers. Our strong financial performance has been driven by our team’s relentless focus on innovation – adding a Fall edition to our Shoptalk portfolio, scaling existing events through our expanded meeting programmes and securing two major acquisitions, taking us into new and exciting growth sectors,” Hyve CEO Mark Shashoua said.
HLTH adds three healthcare events to the Hyve portfolio, with the flagship US event now the organiser’s largest show by revenue.
“Despite only being in its third year, POSSIBLE is already seeing growth in customer advocacy. Both events unite their whole industry ecosystems to focus on shaping the future of their sector amidst disruption. Both were chosen with our unwavering commitment to purpose, quality and value in mind. Moreover, both offer growth potential as we apply our tried and tested centralised best practice model and leverage our expertise in scaling meetings programmes, to support the continued creation of return on investment and return on time for customers,” Shashoua continued.
Hyve also revealed its shows achieved an average Net Promoter Score of +46 during the year. Through its community investment programme, the organiser also partnered with Breadline Africa to rebuild a school in Cape Town using a carbon-negative technique, all while upskilling locals and parents.
“This year, we have pledged to invest 1% of profits into two community projects close to our colleagues’ hearts: developing a waterfront community centre for homeless children in New York and sponsoring a London-based programme which upskills individuals with learning difficulties,” Nikki Griffiths, ESG director at Hyve Group said.
“We enter 2025 with a strong, scalable platform well placed to grow both organically and via our targeted M&A programme. With a strong balance sheet and a proven strategy, our teams are working hard to continue finding more ways to deliver game-changing impact, for more customers, across our leading global event portfolio,” Shashoua concluded.
