Tarsus Group PLC Trading Statement (3731T)
October 12 2017 - 1:00AM
UK Regulatory
TIDMTRS
RNS Number : 3731T
Tarsus Group PLC
12 October 2017
12 October 2017
Tarsus Group plc
Trading update
Trading in-line with strong performances from major events
Tarsus Group plc (LSE: TRS, "Tarsus" or the "Group"), the
international business-to-business media group, today provides a
trading update.
The Group's trading to date, in the busier second half of the
year, has been in line with our expectations with key events
performing well and buyers up 7%.
Two of the Group's largest events, Connect Expo and Labelexpo
Europe, have been held in the period:
-- The flagship event in the Connect portfolio, Connect Expo,
was held in New Orleans in August and produced a strong performance
very much in line with its acquisition case.
-- Labelexpo Europe produced a very strong result. Buyers were
up by 6% on the previous edition and re-bookings at the event for
the 2019 edition reached an excellent 84%.
Key remaining events for 2017, including the Dubai Airshow, are
tracking in line with our expectations. For 2017 as a whole current
like-for-like bookings are 8% ahead, promising another strong year
for Tarsus.
Douglas Emslie, Tarsus Group Managing Director, said:
"Our busier second half of the year has been strong, as
expected, with our largest shows continuing to make good progress.
We are delighted by the performance of the more recent additions to
the Group's portfolio in the key markets of the Americas and China,
where we are progressively scaling the business.
"We expect good performances from our remaining shows in 2017
and the Group remains confident of delivering a strong result for
the year as a whole."
Future diary
Tarsus will be hosting a Capital Markets Seminar for analysts
and investors on 21 November 2017 at Saddlers Hall, 40 Gutter Lane,
London EC4V 6BR at 4pm. The event will provide information
principally on the Connect business in the US.
The Group expects to publish a trading update for the year
ending 31 December 2017 on [12] January 2018.
For further information:
Tarsus Group plc:
Douglas Emslie, Group Managing Director +44 (0)20 8846 2700
Dan O'Brien, Group Finance Director
IR Focus
Neville Harris, Investor Relations +44 (0)79 0997 6044
Notes to editors
Tarsus Group plc. (LSE:TRS) is an international
business-to-business media group with interests in exhibitions,
publishing and online media. The Group operates globally in the US
and Americas, China, Southeast Asia, the Middle East and North
Africa, Turkey and Europe, in key verticals including aviation,
medical, labels and packaging, discount clothing (Off-Price),
travel, housewares and automotive.
Tarsus runs more than 100 events and websites and its flagship
brands include the Labelexpo Global Series in Europe, the Americas
and Asia and the Dubai Airshow.
The Group operates across a worldwide network of offices in
Dublin, London, Jakarta, Milwaukee, Atlanta, Boca Raton (Florida),
Dubai, Shanghai and Istanbul.
For more information visit www.tarsus.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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