Cannes Lions drives profits for Top Right with events division posting pre-tax profit of $99.7m
Advertising festival Cannes Lions drove a surge in profits for parent company global business-to-business media group Top Right, which saw its revenues surge 15 per cent to $620.3m in 2014.
Events, the company’s largest business segment, delivered organic revenue growth of 14 per cent, with the Cannes Lions singled out as the biggest driver of that, to deliver a revenue result of $280.6m, up from 2013’s revenue of $240.6m.
The division posted a profit before tax of $99.7m, up from $86.2m the previous year.
According to Top Right’s annual report, more than 12,000 delegates from 94 countries attended the Cannes Lions festival, of which more than half are director level or above.
