Tarsus Group PLC Trading Statement (3118D)
October 26 2015 - 3:00AM
UK Regulatory
TIDMTRS
RNS Number : 3118D
Tarsus Group PLC
26 October 2015
26 October 2015
Tarsus Group plc
Trading Update
Quickening the Pace - Delivering Buyers
Tarsus Group plc (LSE: TRS, "Tarsus" or the "Group"), the
international business-to-business media group, today provides a
trading update on the current financial year to date.
Group trading for the year to date has been in-line with the
Board's expectations. We continue to make good progress with our
"Quickening the Pace" strategy with strong buyer attendances and a
successful replication programme.
Emerging Markets
Trading in Turkey has continued to be good across the portfolio.
Sign, the advertising and digital printing show, performed well
with buyers up 28%. Zuchex, the housewares and gift exhibition,
also saw a strong buyer attendance, particularly from
internationals.
The Group had two successful replication launches as
follows:
- GESS (education) in Indonesia, attracting over 4,000 buyers from 29 countries, and
- MEBAA Morocco (business aviation) also had a solid first edition.
Our AMB JV, acquired earlier in the year, held two events in
Cambodia (CamBuild/CamEnergy in September and CamFood/CamHotel in
October) and one event in Myanmar (MyanWater in October), all of
which performed well, in line with the Board's acquisition
case.
United States
OffPrice, the biannual discount clothing and accessories event
held in Las Vegas, continued its trend of steady growth producing
another robust performance.
The Group's Medical portfolio held two events in the period.
PAINWeek achieved good growth over the 2014 edition with buyer
attendance particularly strong. The Cardiometabolic Health Congress
performed in line with management expectations.
3D Printshow had a good first edition in Pasadena and will
repeat in this location in 2016.
Europe
The Group's second largest event, Labelexpo Europe, produced a
very strong result with buyers up by 12% on the previous edition to
a record 35,700. In addition, re-bookings at the event for the 2017
edition reached a very encouraging 84%.
Outlook
The Dubai Airshow, the Group's largest event, will be held in
November. The event is on track to be a record edition.
The key remaining events in 2015 are tracking in line with
management expectations. Across the Group's portfolio, bookings for
the full year are tracking 12% ahead on a like-for-like basis.
Douglas Emslie, Tarsus Group Managing Director, said:
"The Group has delivered encouraging performances from its
exhibitions so far this year and has strong forward bookings.
"One of the key targets of our "Quickening the Pace" strategy is
to drive buyer growth and we have been very successful in doing
that this year across the portfolio. In light of the strong
performance of the portfolio, we remain confident in delivering
2015 financial results in line with our expectations."
For further information:
Tarsus Group plc:
Douglas Emslie, Group Managing Director +44 (0)20 8846 2700
Dan O'Brien, Group Finance Director
Neville Harris, Investor Relations +44 (0)79 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 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 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, Jakarta, New Delhi and Istanbul. Tarsus is building on
its strong presence in the emerging markets of the Middle East,
China, Turkey, Indonesia and Mexico.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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