8 May 2015 15:19
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Don't have an account? Click here to register.ITE Group endures slump as events turn geopolitical
Mon, 03rd Oct 2016 11:25
(ShareCast News) - Events and exhibitions organiser ITE Group warned that its bookings for next year were slightly behind this year due to challenging conditions in several markets, especially Turkey. For the current year, although like-for-like revenues fell 8% in the fourth quarter, 52-week sales will fall 2.2% to £133m.The weak pound was a help but not able to make up for difficult conditions with the attempted coup in Turkey hitting September events in the region, with its largest food exhibition, World Food Moscow seeing a further 11% decline in space sales to 20,200sqm.With trading conditions continuing to be challenging in several regions, events in Turkey are expected to put a downer on trading in the region until 2018.At the end of last month, ITE had booked roughly £58m of revenue for the 2017 financial year, down 10% on a year ago at absolute terms and 1% behind the prior year on a like-for-like basis.
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1 Apr 2015 06:27
ITE Group warns on H1 revenue due to weak trading in Ukraine, Russia
April 1 (Reuters) - ITE Group Plc, a trade exhibition and conference organiser, said it expected its first-half revenue to be about 21 percent lower than a year earlier due to weaker trading conditions in Ukraine and Russia. The company, which has been hurt by tensions between Russia and Uk
Read more6 Mar 2015 14:33
ITE Group acquires portfolio of events in Africa
Exhibitions group ITE has acquired a major stake of a portfolio of events for £16m, funded by a placing of new shares. ITE now holds 50.1% of the portfolio, which includes the Africa Oil Week event, while GPP Energy Advisors holds the remaining stake. The group said put and call options were in pla
Read more6 Mar 2015 13:33
UPDATE 2-ITE Group dials in to Africa events market
* Deal to add 4 mln stg to 2016 pretax profit - CEO * Says ITE to look at small deals in Africa, India and China * Shares up 5.4 pct (Adds CEO comments, updates share movement) By Noor Zainab Hussain March 6 (Reuters) - Trade exhibition organiser ITE Group Plc bought a
Read more6 Mar 2015 07:52
ITE Group moves into Africa; buys stake in Africa Oil Week conference
March 6 (Reuters) - ITE Group Plc, a trade exhibition and conference organiser, said it had acquired a majority stake in a portfolio of events from GPP Energy Advisors Ltd for 16 million pounds ($24 million). The deal will be funded in part via an institutional placing to raise 12 million p
Read more