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Alliance News

Tarsus Group Trades In Line With Management Expectations

Thu, 16th May 2019 12:53

LONDON (Alliance News) - Tarsus Group PLC on Thursday said trading in its financial year to date is in line with management expectations, as forward booking reached the top end of its growth range.

The business-to-business media group said forward bookings are towards the top end of its targeted growth range of 5% to 10%.

It also clarified that trading for 2019 is "heavily second half weighted" with revenue predominantly dollar denominated.

In the Americas, the Connect business continued to perform well and in Mexico the group had record editions of the two largest events, Expo Manufactura and Plastimagen.

Meanwhile, China produced good growth overall, the firm added.

"Trading so far in 2019 - the larger of the years in our biennial cycle - has been encouraging with buyer/visitor growth remaining strong. We have a full replication pipeline this year and remain focused on driving organic growth through scaling up our portfolio in line with our 'Quickening the Pace 2 strategy'," Tarsus said.

"Bookings overall remain towards the top end of our target range and we are anticipating record events at our two major biennial shows - Labelexpo Europe and the Dubai Airshow - later in the year. We remain confident that this will be another year of strong progress for the group."

Tarsus will publish its interim results to June 30 on July 31.

Tarsus shares were up 1.0% at 320.00 pence on Thursday.

By Elena Cherubini;

Copyright 2019 Alliance News Limited. All Rights Reserved.

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