New York—Advanstar Communications, which late last year pulled itself off the auction block, Thursday reported solid revenue and earnings growth for 2005.
Revenue increased 7% to $289 million, from $270 million. Advanstar attributed the increase to 14% growth in shows and conferences as well as a 24% increase in marketing services, which primarily reflects increases in Web revenue. Print revenue was $148 million, essentially flat compared with 2004.
Earnings increased 34% to $37 million, from $26 million in 2004. The 2005 results included a restructuring charge of $4.8 million related to vacated leased office space and severance costs. EBITDA (earnings before interest, taxes, depreciation and amortization) grew 6% to $75 million, from $70 million in 2004.
The company also was able to reduce its debt load due to the $185 million generated from the sale of its technology and travel units in May to Questex Media Group.