16 May 2019 07:00
16 May 2019
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 27 February 2019 has been in line with the Board's expectations and forward bookings are towards the top end of our targeted growth range of 5% to 10%. Trading for 2019 is heavily second half weighted with revenues 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. China has produced good growth overall with the editions of Hometex and SIUF producing strong results.
Douglas Emslie, Tarsus Group Managing Director, said:
"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.
"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."
The Group plans to announce its Interim Results for the six months ended 30 June 2019 on 31 July 2019.
For further information:
Tarsus Group plc: | ||||
Douglas Emslie, Group Managing Director | +44 (0) 20 8846 2700 | |||
Dan O'Brien, Group Finance Director
| ||||
Neville Harris, Investor Relations | +44(0) 7909 976044 | |||