Promising start to 2014 for Tarsus

News

WORLDTarsus 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.

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