TIDMTRS
RNS Number : 7204T
Tarsus Group PLC
10 January 2017
10 January 2017
Tarsus Group plc
Year-end Trading Update
Overview
Tarsus Group plc (LSE: TRS, "the Group", "Tarsus"), the
international business-to-business media group, finished 2016 well
and Group like-for-like revenues, at constant exchange rates,
increased by approximately 8%.
The Board anticipates that results for the year ended 31
December 2016 will be in line with its expectations. The outlook
for 2017 - the larger year in our biennial cycle - is positive.
Trading
The Group held three larger events since the issue of its
Trading Update on 22 November 2016. The Flower Show (landscaping
equipment and services) in Turkey, MEBAA (aerospace) in Dubai and
the World Anti-Aging Congress (medical) in Las Vegas all performed
in line with expectations.
Strategic Progress in 2016
- Visitor/buyer growth across the portfolio was 7% on a
like-for-like basis - well ahead of the Group's target of 5%.
- There were 10 brand replications including a very successful
second edition of GESS (education) in Indonesia.
- Three earnings accretive acquisitions strengthening our
position in the two largest exhibition markets globally:
- Connect, a market leading business travel and meetings event
organiser in the US targeting industry leading planners, suppliers
and experts focused on the Association, Corporate, Sports, and
Specialty verticals;
- Hometex, the leading bi-annual home textiles exhibition in
China, where the new exhibition centre in Shenzhen offers a
significant organic growth opportunity from the 2019 edition
onwards; and
- Intex, a major event organising business based in Shanghai
that runs a portfolio of events including Music China
(instruments), CES Asia (consumer electronics) and Hortiflorexpo
IPM (flowers).
Outlook
Prospects for organic growth in 2017 are positive. Forward
bookings for the Group's major events - which this year will
include the biennial Labelexpo Europe and the Dubai Air Show - are
encouraging and we are aiming to increase substantially the number
of brand replications worldwide.
Overall, across the Group's portfolio, bookings are tracking in
line with management expectations and whilst it is very early in
the year, we are confident of another good performance in 2017.
Douglas Emslie, Tarsus Group Managing Director, said:
"We have performed well in 2016. We have delivered strong buyer
growth, further developed our growth prospects through our
replication programme and increased our exposure to two
strategically important markets with the additions of Connect in
the US and Intex and Hometex in China.
"Bookings for our flagship biennial events, the Dubai Airshow
and Labelexpo Europe, are promising. Our accelerated programme of
brand replications is progressively adding to our growth. While we
remain ever-mindful of geo-political uncertainty, 2017 - the larger
of the years in our biennial cycle - is shaping up to be an
exciting one for the Group."
The Group expects to announce its final results for the year
ended 31 December 2016 on 1 March 2017.
The Company will be hosting a presentation to analysts at
11.00am today at the offices of Investec Bank plc at 2 Gresham
Street, London EC2V 7QP. No new material information will be made
available.
For further information:
Tarsus Group plc:
+44 (0)20
Douglas Emslie, Group Managing Director 8846 2700
Dan O'Brien, Group Finance Director
IR Focus +44 (0)79
Neville Harris, Investor Relations 0997 6044
Notes to editors
Tarsus Group plc. (LSE:TRS) is an international
business-to-business media group with interests in exhibitions,
publishing and online media. The Group operates globally in the US
and Americas, China, Southeast Asia, the Middle East and North
Africa, Turkey and Europe, in key verticals including aviation,
medical, labels and packaging, discount clothing (Off-Price),
travel, housewares and automotive.
Tarsus runs more than 100 events and websites and its flagship
brands include the Labelexpo Global Series in Europe, the Americas
and Asia and the Dubai Airshow.
The Group operates across a worldwide network of offices in
Dublin, London, Atlanta, Boca Raton (Florida), Milwaukee, Shanghai,
Shenzhen, Jakarta, Dubai and Istanbul.
For more information visit www.tarsus.com.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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