Tarsus Group PLC Pre-Close Trading Statement (4309G)

TIDMTRS

RNS Number : 4309G

Tarsus Group PLC

29 June 2012

Tarsus Group plc

Pre-close trading update

Tarsus Group plc (LSE: TRS, 'the Group', 'Tarsus'), the international business-to-business media group, today provides a pre-close update on trading since its Interim Management Statement of 15 May 2012.

Overview

Trading for the first six months of the year has been in line with Board expectations. Forward bookings for the Group now stand at 77% of anticipated full year revenues compared with 70% at the same time in 2011 (as adjusted for biennial events).

Revenues are heavily weighted towards the second half of the year owing to the timing of the Group's large exhibitions.

Emerging markets

Momentum in this division has continued driven by a combination of strong revenue growth and the successful integration of recent acquisitions.

IFO in Turkey, acquired in June 2011, continues to perform well. Its REW Istanbul, (recycling, environment and waste) event, held in June 2012, produced a record performance with revenue up 17% over the 2011 edition.

The Group's Orlando Medical event in May was well ahead of its previous edition with revenues increasing 15%. The Medical 2012 order book is strong, growth being driven by education programmes, including those now delivered online.

Europe

Trading in the Group's French business continues to be in-line with expectations. Given the current economic and political uncertainty, Tarsus remains cautious for the full year outlook in Europe.

Douglas Emslie, Tarsus Group Managing Director,said:

"We are increasingly focused on organic growth through the development of our international portfolio with a view to accelerating earnings growth. We are confident this can be achieved given our operational expertise and the exposure we have to higher growth markets."

The Group expects to publish its interim results for the six months ending 30 June 2012 on 25 July 2012.

For further information contact:

 
 Tarsus Group plc 
 Douglas Emslie, Group Managing 
  Director                              020 8846 2700 
 Dan O'Brien, Group Finance Director 
 
 College Hill 
 Kay Larsen/Adrian Duffield             020 7457 2020

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 key verticals including aviation, medical, labels and packaging, discount clothing (Off-Price), housewares and automotive. Tarsus runs more than 80 events and websites and its flagship brands include the Labelexpo exhibitions in Europe, the Americas, India and Asia and the Dubai Airshow.

The Group operates across a worldwide network of offices in Dublin, London, Paris, Milwaukee, Boca Raton (Florida), Dubai, Shanghai, New Delhi and Istanbul.

Tarsus is building on its strong presence in the emerging markets of the Middle East, China, India and South America. Under its "Project 50/13" initiative, it aims to derive 50% of Group revenue from these high growth markets in 2013.

www.tarsus.com

This information is provided by RNS

The company news service from the London Stock Exchange

END

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