12 Oct 2017 07:00
12 October 2017
Tarsus Group plc
Trading update
Trading in-line with strong performances from major events
Tarsus Group plc (LSE: TRS, "Tarsus" or the "Group"), the international business-to-business media group, today provides a trading update.
The Group's trading to date, in the busier second half of the year, has been in line with our expectations with key events performing well and buyers up 7%.
Two of the Group's largest events, Connect Expo and Labelexpo Europe, have been held in the period:
· The flagship event in the Connect portfolio, Connect Expo, was held in New Orleans in August and produced a strong performance very much in line with its acquisition case.
· Labelexpo Europe produced a very strong result. Buyers were up by 6% on the previous edition and re-bookings at the event for the 2019 edition reached an excellent 84%.
Key remaining events for 2017, including the Dubai Airshow, are tracking in line with our expectations. For 2017 as a whole current like-for-like bookings are 8% ahead, promising another strong year for Tarsus.
Douglas Emslie, Tarsus Group Managing Director, said:
"Our busier second half of the year has been strong, as expected, with our largest shows continuing to make good progress. We are delighted by the performance of the more recent additions to the Group's portfolio in the key markets of the Americas and China, where we are progressively scaling the business.
"We expect good performances from our remaining shows in 2017 and the Group remains confident of delivering a strong result for the year as a whole."
Future diary
Tarsus will be hosting a Capital Markets Seminar for analysts and investors on 21 November 2017 at Saddlers Hall, 40 Gutter Lane, London EC4V 6BR at 4pm. The event will provide information principally on the Connect business in the US.
The Group expects to publish a trading update for the year ending 31 December 2017 on [12] January 2018.
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 100 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