Hyve Group, a specialist in organizing events, has provided a trading update for the third quarter of 2021, revealing that it is back in full swing and performing as expected by management. The company faced significant disruptions due to the pandemic, but it has managed to run 18 in-person events during the quarter, bringing the total number of events held this year to 28. This increase in the number of events is attributed to the strong momentum observed in Hyve Group’s Eastern markets, particularly in Russia, China, Turkey, and Ukraine.
Additionally, Hyve Group has announced the launch of a new European retail show called Shoptalk Europe. This event aims to bring Shoptalk’s renowned customer experience and industry-leading format to a European audience. Shoptalk Europe is scheduled to take place from 6-8 June 2022 at ExCeL London.
Hyve Group has also received an additional £2.1 million in insurance claims for cancelled events in the fiscal year 2021, bringing the total insurance proceeds confirmed since the start of the pandemic to £87 million.
Mark Shashoua, the CEO of Hyve Group, stated his confidence in the company’s performance, highlighting the successful execution of more events in the third quarter compared to the entire first half. With key markets in the East being open for several months and the ongoing vaccination efforts in Western markets, Shashoua believes that Hyve Group is well-positioned for success in the final quarter of the fiscal year 2021 and beyond. The company’s strong portfolio, solid financial position, and expanding omnichannel offering further contribute to its positive outlook in navigating the reopening markets.
The bustling schedule of events for Hyve Group and the launch of Shoptalk Europe exemplify the resilience and adaptability of the events industry as it recovers from the impacts of the pandemic. With the return of live events and increasing momentum in key markets, Hyve Group is poised to capitalize on the reopening and meet the evolving demands of its customers.
You can find more information about Hyve Group and its events on their official website: https://hyve.group/
For more details about Shoptalk Europe and its upcoming debut, please visit their website: https://shoptalkeurope.com/
