6 Nov 2018 07:00
6 November 2018
Tarsus Group plc
Capital Markets Seminar and Trading Update
Capital Markets Seminar
Tarsus Group plc (LSE: TRS, "Tarsus" or the "Group") is hosting a Capital Markets Seminar for analysts and investors later today to be held at Saddlers' Hall, 40 Gutter Lane, EC2V 6BR at 4pm. The event will provide insight on the Group's Chinese operations, with a focus on Shenzhen.
No new material information will be made available.
Trading update
The Group's trading to date continues to be in line with our expectations with larger events performing well. Bookings for the full year 2018 are up 9% and buyers for the year to date are up 9%, both on a like for like basis. Bookings for the large 2019 events are also performing well.
A number of our larger events have recently taken place.
In the US, Labelexpo Americas achieved a record edition with an 83% rebook for its next edition. The biggest Connect event of the year was held in Salt Lake City and Painweek was held in Las Vegas with both performing in line with expectations. The latest edition of Off Price was steady in a weak retail environment. In Turkey, Zuchex achieved a record event with strong growth over its previous edition.
Foreign currency rates have been volatile across 2018 to date. The US dollar rate movements have had a marginally positive impact partially offsetting the weaker Turkish Lira.
Douglas Emslie, Tarsus Group Managing Director, said:
"Our "Quickening the Pace 2" is delivering both operationally and strategically and we remain confident that 2018 will be another year of strong progress for the Group."
Future diary
The Group expects to publish a trading update for the year ending 31 December 2018 on 14th January 2019.
For further information:
Tarsus Group plc: | |
Douglas Emslie, Group Managing Director | +44 (0)20 8846 2700 |
Dan O'Brien, Group Finance Director | |
IR Focus 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 the US and Americas, China, Southeast Asia, the Middle East and North Africa, Turkey and Europe, in key verticals including aviation, medical, labels and packaging, discount clothing (Off-Price), travel, housewares and automotive.
Tarsus runs more than 150 events and websites and its flagship brands include the Labelexpo Global Series in Europe, the Americas and Asia and the Dubai Airshow.
The Group operates across a worldwide network of offices in Dublin, London, Jakarta, Milwaukee, Atlanta, Boca Raton (Florida), Dubai, Shanghai and Istanbul.
For more information visit www.tarsus.com