The Scottish Event Campus (SEC) is celebrating another successful year, having released today some statistics from their 2017/18 financial year.
The SEC comprises three large venues in Glasgow: the SEC centre, the SEC Armadillo and the SSE Hydro.
Turnover at SEC Limited increased by 1% to £29.1m, while operating profit increased by 19% to £1.3m. EDITDA, defined as operating profit from recurring operations before the deprecation of assets, increase by 11% to £3.8m.
Peter Duthie, chief executive of SEC, commented: “This has been a really encouraging year with solid performances across all the sectors in which we operate.
“The SEC continues to be an economic driver for Glasgow and Scotland and the results are measured not only in financial terms but also by the economic impact of the campus, which generated net additional expenditure of over £1m per day in the Glasgow area – a total of £400m for the year.”
The SEC continues to win business and during the year a record level of future conferences was secured. Nine international conferences were held during the year, with even more predicted for 2018/19 and 2019/20.
A wide range of events was staged across the full campus, including musical and stage productions, comedy, live music and pantomimes. In 2018/19, scheduled performances by Justin Timberlake, Paul Simon and Kevin Bridges are expected to fuel further ticket sales.
Visitors to the SSE Hydro reached over 900,000 for the year 2017/18. Shows included Celine Dion, Bruno Mars, Ed Sheeran, Andy Murray Live, as well as boxing and wrestling productions.
The venue achieved a number one ranking in Billboard’s list of global arenas, which measures venues with a capacity between 10,000 and 15,000.
Pictured: the SSE Hydro lights up for Pride month