Tarsus reports promising start to trading in 2014

Tarsus Group said it has made a promising
start to trading in 2014, with forward bookings for the year tracking nine per
cent ahead of last year.

In its interim management statement for the
period from 1 January 2014 to 14 May 2014, the media group said the economic
background in most of its markets is “encouraging” and bookings for the
balance of the year are in line with management’s expectations.

Revenues for the year ending 31 December
2014 are heavily weighted towards the second half of the year owing to the
timing of exhibitions.

“We continue to concentrate on the
execution of our “Quickening the Pace” strategy, focusing on
accelerating financial returns to shareholders,” said the statement.

This is being achieved by investing in and
strengthening Tarsus’ core businesses, in particular driving organic growth and
adding value to our key brands through replication into faster growth economies
and identifying selective small strategic acquisitions.

Both the group’s Dubai and Turkey divisions
have performed well during the first quarter of 2014 with particular growth
reported at Ideal Homex in April. Forward bookings in Turkey are looking healthy
and continue to improve for the larger events, Zuchex, Sign and theFlower Show.

In 2013 Tarsus made a series of
acquisitions with event management company EJ Krause & Associates (EJK)
which got off 2014 off to a “strong start” with Expo Manufactura in March.

Tarsus reported that both its French and
Chinese portfolios were performing slightly ahead of 2013, similar to its
events in China.

“We continue to drive organic growth
from the business as a whole and in particular from our major brands. Our programme
of replicating our leading events into growth markets is gaining momentum,”
said Tarsus MD Douglas Emslie.

The statement said the group remains
confident of delivering a good performance in 2014 on a constant currency
basis.

Tarsus expects to publish its interim
results for the six months ending 30 June 2014 on 30 July 2014.

Got a story for CN? Email Zoe Vernor

Paul Colston

Author

Paul Colston

Managing Editor, Conference News & Conference & Meetings World.

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