17 May 2018 07:00
17 May 2018
Tarsus Group plc
("Tarsus" or "the Group")
Trading Update
Tarsus Group plc (LSE: TRS), the international business-to-business media group, is today providing a trading update on its current financial year to date.
Trading since the publication of the Group's Annual Results on 28 February 2018 has been in line with the Board's expectations and forward bookings continue to be ahead of our targeted growth range. As previously guided, trading for 2018 is heavily second half weighted with revenues predominantly dollar denominated.
In the US, as expected, the Connect business has traded strongly and the Medical portfolio has continued to grow. In China, the Spring Hometex event was a record edition and trading in Dubai and Mexico has been positive. The trading pattern in Turkey is similar to last year with a weak first half but more positive forward bookings for the larger shows in the second half.
Douglas Emslie, Tarsus Group Managing Director, said:
"We are encouraged by our forward bookings for the year.
"The next phase of our Quickening the Pace strategy, launched in January this year, is focused on increasing the scale of our individual events as well as driving the momentum of the overall portfolio through replication of our leading brands.
"The outlook for the global exhibition industry continues to be positive and with a deepening presence in the US and China - the two largest individual markets - we are well placed to continue to deliver encouraging growth in the years ahead."
The Group plans to announce its Interim Results for the six months ended 30 June 2018 on 26 July 2018.
For further information:
Tarsus Group plc: |
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Douglas Emslie, Group Managing Director | +44 (0) 20 8846 2700 | |||
Dan O'Brien, Group Finance Director
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Neville Harris, Investor Relations | +44 (0)7909 976044 |
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