Global event organiser Tarsus has posted 2015 revenues of £86.9m, a 10% *like-for-like revenue increase for the year, according to the group’s results for the year ending 31 December 2015. The results were a 15% uptick over comparable year 2013.
“2015 was an important year for Tarsus,” said group MD Douglas Emslie.
“We passed a significant milestone in the strategic progress of the group with the sale of our French business. This will allow us to concentrate resources on our selected core geographies, which offer the best opportunities for growth.”
The company also continued to focus on ‘Quickening the Pace’, a strategy to accelerate the pace of financial returns to shareholders.
“Our ’Quickening the Pace’ growth strategy gained further traction and we achieved industry leading organic growth through our focus on delivering larger numbers of buyers to our exhibitions – up 9% in 2015.”
Tarsus also made two strategic acquisitions last year, including 100% of Painweek in the US in May, and 50% of the AMB Group, an established South-East Asian exhibition organiser with a major presence in Myanmar and Cambodia, in July.
Tarsus reported record rebooks for global brands including Labelexpo Europe and Dubai Airshow in 2017 and said it will continue to replicate its existing brands in new markets.
“We achieved organic revenue growth of 10% and are continuing to invest in replications of our successful brands to maintain momentum over the medium-term. Forward bookings are strong and the group is well positioned to deliver a good performance in 2016,” Emslie added.