The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksTarsus Share News (TRS)

  • There is currently no data for TRS

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Tarsus Group Trades In Line With Management Expectations

Thu, 16th May 2019 11:53

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.

More News
5 Jan 2012 10:35

Tarsus sets out stall, exhibits strong growth

Tarsus Group, the exhibitions and business to business media company was up 2.16% in mid morning trading following a positive trading update. Group like-for-like revenue growth, at constant exchange rates, increased by approximately 8%. Excluding the troubled French division growth was approximatel

Read more
8 Nov 2011 09:38

Tuesday broker update: IAG, HSBC, Essar -UPDATE

Tate&Lyle: J.P.Morgan downgrades to underweight from neutral. IAG: Credit Suisse cuts target too 152p from 164p. HSBC: Credit Suisse cuts target too 610p from 640p. Essar: Credit Suisse cuts target too 435p from 566p. Weir: Credit Suisse raises target to 2050p from 1850p. Astra Zeneca: Panmure

Read more
3 Oct 2011 09:03

UPDATE: Monday broker round-up

Antofagasta: Citi upgrades to hold, target cut from 1,230p to 1,010p. Man Group: Citi has kept its hold/high risk rating and 190p target. Lonmin: Citi maintains hold/medium risk recommendation and 1,237p target. Burberry: Nomura reiterates neutral rating and 1,356p target. Cookson: UBS upgrades

Read more
30 Sep 2011 12:22

Broker tips: Laird, Tarsus, Standard Chartered

Peel Hunt has lowered its target price on Laird, the manufacturer of antennas and other devices, to 160p from 185p, while keeping its "hold" recommendation on the stock. The broker is cautious ahead of Laird's next trading statement and wonders whether the company shouldn't have accepted a recent 2

Read more
30 Sep 2011 11:51

Broker snap: Singer trims Tarsus target price

Specialist business media and events group Tarsus is among the latest batch of companies to see its target price shaved amid concerns over earnings. Singer Capital Markets has lowered its rating on Tarsus to 156p from 178p while keeping its "buy" rating on the stock. It has kept its estimates for

Read more
13 Jun 2011 12:58

Broker tips: Barratt, Majestic, Tarsus

There's still further to go in Barratt Developments' share price, claims Panmure Gordon, which raises its target price on the stock to 158p, from 147p. Despite a strong rally in the share price over the last half year, the broker said that the housebuilder remains its key sector pick and keeps its

Read more
13 Jun 2011 12:55

Broker snap: Singer pulls back target at Tarsus after acquisition

Business-to-business media group Tarsus has had its target price scaled by from 183p to 178p by Singer Capital Markets, but the broker keeps its positive stance after the group's recent Turkish expansion. The group's fundraising has been approved and the acquisition of Istanbul-based exhibition bus

Read more
5 May 2011 12:36

Tarsus sees increasing M&A opportunities

International media firm Tarsus Group has had a "positive" start to the year, in line with expectations, with forward bookings already standing at 75% of anticipated full year revenues, up from 67% at the same time last year. The group - which specialises in exhibitions, conferences and online medi

Read more
5 May 2011 12:28

Broker tips: Antofagasta, Logica, Tarsus

UBS lowers its earnings per share (EPS) forecast for South America-focused miner Antofagasta after the group reported lower-than-expected production figures on Wednesday. Group copper production reached just 129,800 tonnes in the first quarter, 22% below UBS's estimate of 166,500 tonnes, mainly as

Read more
5 May 2011 12:14

Broker snap: Tarsus downgraded to a 'hold'

Despite Peel Hunt raising Tarsus Group's target price by 20p, the broker downgrades the group from a 'buy' to 'hold', highlighting a limited upside to the share price. The international media firm - which specialises in exhibitions, conferences and online media - issued an interim management statem

Read more
8 Mar 2011 06:58

Tuesday tips round-up: Intertek, Tarsus, Stagecoach...

Shares in testing specialist Intertek, up 95p to £19.94p, have been very strong over the past couple of weeks and have almost recovered to their £20 peak of early December. They are by no means cheap, changing hands on 20 times' this year's earnings, but the company is a strong play on the strengt

Read more
7 Mar 2011 16:28

Brokers give thumbs up to Tarsus

Business to business (B2B) media group Tarsus , which operates on a two-year exhibitions cycle, saw a like for like revenue increase of 6% in 2010 compared to 2008. The group said 2010 is the down-year in the two-year cycle, as reflected in the decline in adjusted profit before tax to £9.5m from £1

Read more
6 Jan 2011 08:23

Tarsus sitting comfortably with FY

Events and conferencing group Tarsus said it expects 2010 full year adjusted pre-tax profits to be comfortably in line with company expectations while forward bookings for 2011 are ahead of the previous year. Group like-for-like organic revenue growth for the year to 31 December 2010 increased 6%,

Read more
16 Nov 2010 17:37

Small caps round-up: John Menzies, Hyder Consulting, Macfarlane...

Aviation and newspaper distribution group John Menzies announced its is trading well and continues to be highly cash generative. Profitability and debt levels for the full year are expected to be in line with expectations. The aviation division remains on track for a strong year boosted by larger c

Read more
28 Jul 2010 08:14

Tarsus Group 1H Pretax Loss GBP0.5M Vs Profit GBP0.4M

LONDON (Dow Jones)--Tarsus Group PLC (TRS.LN), an international business-to-business media group, said Wednesday it made a pretax loss of GBP0.5 million compare with profit of GBP0.4 million in the same period last year. MAIN FACTS: -1H revenue up 17% to GBP16.9 million (2009: GBP19.7 millio

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.