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Tarsus reports Middle East growth and western decline
posted on: 7/3/2011 11:27:55
Event organiser Tarsus Media Group reported strong performance in 2010, the weaker year in the company’s biennial cycle, with strong performance in its medical, Middle East and emerging market sectors.
Emerging market results included a 22 per cent revenue growth and 27 per cent visitor rise to Labelexpo India, and a 40 per cent revenue growth and 13 per cent visitor rise at Dubai business aviation event MEBA. Medical sector events grew 18 per cent.
Meanwhile, Labelexpo Americas revenues were down seven per cent and revenues for the company’s French office dropped five per cent.
Revenue was £43.6m (US$71m), three per cent up on comparable biennial year 2008. Total profit after tax was £4.3m (US$7m) compared to £4.9m (US$8m) in 2009.
“As 2010 progressed it became increasingly apparent that the global economic recovery had begun,” said Tarsus chairman Neville Buch. “With the geographic and product diversity of our portfolio of events, we not only saw recovery but also good growth, particularly from our emerging markets and medical events.
“2011 will be an exciting year for the group with both Labelexpo Europe and the Dubai Airshow taking place. The board is increasingly confident that the improving trends evidenced in the fourth quarter of 2010 will flow into 2011.”