Sign in or Register
 
 
Exhibition News Race Day
Register today to receive each issue absolutely FREE!


Business Development Manager
London

Head of Sales and Events
Harrogate International Centre

Event Manager
Nottingham

Sales Executive
London



Food show win spurs HIC Yorkshire's plans for growth...

Lewis Field, head of design at exhibition stand builder Nimlok...

The Old Granada Studios in Manchester have been revamped into an...

Exhibition News September 2014
September 2014

Tarsus trading update highlights revenue growth in Turkey
posted on: 29/6/2012 10:01:37
Arrows on globe

Tarsus Group has issued a pre-close trading update highlighting revenue growth and strong forward bookings led by its Turkish operations in recent months.
 
In a statement on 29 June, the company said forward bookings are at 77 per cent of anticipated full-year revenues, compared with 70 per cent in 2011 (adjusted for biennial events). Tarsus said revenues are heavily weighted towards the second half of the year due to its exhibition timeline, but that trading over the first six months of the year has been in line with the board’s expectations.
 
Tarsus has been aggressively ramping up its emerging markets portfolio as part of plans to see half of its revenues coming from these territories by 2013. In its latest trading statement, the firm flagged a 17 per cent year-on-year increase in revenues for its recycling, environment and waste event, REW Istanbul, in June.
 
IFO Turkey, which Tarsus acquired 12 months ago, also continues to perform well, the company stated. The group purchased a 70 percent stake in Turkish-based Life Media in March to further shore up its position in the region.

Other recently held events that performed ahead of expectations include Tarsus’ paid-for Orlando medical event in May, which saw a 15 per cent revenue rise.
 
“We are increasingly focused on organic growth through the development of our international portfolio with a view to accelerating earnings growth,” Tarsus Group MD Douglas Emslie said.
 
“We are confident this can be achieved given our operational expertise and the exposure we have to higher growth markets.”
 
Got a story for Exhibition News? Email us: exhibitionnews@mashmedia.net


Print:
Email:
Share article:

COMMENTS
Would you like to Leave a Comment?

LATEST NEWS
Reed Exhibitions has appointed Chet Burchett as chief executive officer, effective January 2015.

Record attendance at Insomnia52 gaming event
posted on: 2/9/2014 10:20:13
More than 30,000 people, a best ever for the event, visited the UK’s largest gaming festival at the Ricoh Arena.

Scotland’s Trade Fair Spring is anticipating 450 exhibitors for its next exhibition in January 2015.

Organiser of the inaugural The Venue Expo, UKFE, has announced the 2015 edition of the show is to relocate to the Exhibition Centre Liverpool.

A team of Business Design Centre (BDC) staff has raised more than £29,000 for the charity Islington Giving after a six-day bike ride from Newcastle to the north London venue.