London, 3rd October: International exhibition organiser, Hyve Group plc, released the latest trading update for the year ended 30th September 2022, showing a full revenue recovery during the second half of the financial year and projecting a strong trading trajectory for upcoming year.

The London-listed company posted revenues for FY2022 to be £122 million (US$136 million). Excluding revenues from discontinued operations in Russia, Ukraine and Turkey, and having successfully run a full schedule of events outside China during the year, the company was 85% recovery on a pro-forma basis when compared to FY2019, before the pandemic. Due to speedy recovery, reliance on insurance proceeds reduced to £19 million (US$21 million), compared with £65 million (US$73 million) last year.