Tarsus reports strong finish to 2015

Asia Europe News
Tarsus reports strong finish to 2015

Business media group Tarsus has reported a strong finish to 2015, achieving record revenues and profits, and tracking ahead 10 per cent year-on-year on a like-for-like basis.

The board anticipates that results for the year ended 31 December 2015 will be in line with its expectations, with the outlook for 2016 positive.

Douglas Emslie (pictured), Tarsus Group managing director, said: “We have finished the year well with strong performances from our key shows in the fourth quarter and record revenue and profits for the year. Our flagship biennial events, the Dubai Airshow and Labelexpo Europe both achieved record rebooks for their 2017 editions.

“In line with our ‘Quickening the Pace’ strategy we have achieved industry leading organic growth through our focus on delivering larger numbers of buyers to our exhibitors. Our accelerated programme of brand replications will continue in 2016 progressively adding to our growth. This strong performance allows us to continue our progressive dividend strategy.”

Tarsus also reported visitor growth across the portfolio at nine per cent, “well ahead of the group’s KPI of 5%”.

In addition, strategic achievements in 2015 included 15 brand replications and the acquisition of 50 per cent of AMB which widened the group’s geographic coverage in South-East Asia by adding Malaysia, Myanmar, Cambodia and the Philippines to the Group’s Indonesian base. Elsewhere, the organisation completed the acquisition of PAINWeek in the US.

Emslie added: “Against our strategic achievements in 2015 and forward bookings for 2016 we remain confident of delivering another year of good performance and progress.”

Tarsus will publish its annual results on 2 March.